The median home in Mountlake Terrace, Washington is valued at $674,181, down 1.9% year over year. Typical monthly rent is $2,084, producing a price-to-rent ratio of 27x — well above the national average of 18x. Mountlake Terrace is part of the Seattle-Tacoma-Bellevue, WA metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: Seattle-Tacoma-Bellevue, WA stress score, crash risk, and 12-month forecast →

Home Value$674,181

-1.9%

Rent$2,084/mo

AFFORDABILITY

Enter your income for Mountlake Terrace.

Income (annual)

Down Payment

$134,836 on $674,181

Out of reach — 65.2% of income

Need $174,686/yr to afford.

PITI$4,076

P/I65.2%

Afford$289K

Gap-$385K

P&I $3,409Tax $551Ins $117

Renting $1,992/mo cheaper ($2,084 rent)6.50% 30yr, 20% down, county tax + WA ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Washington

Compare Mountlake Terrace with other housing markets across Washington.

Hunts Point$7980K Medina$4383K Yarrow Point$4207K Clyde Hill$4012K Beaux Arts Village$2758K Woodway$2301K Mercer Island$2243K Sammamish$1569K

Full Seattle-Tacoma-Bellevue, WA analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Seattle-Tacoma-Bellevue, WA metro.

View Seattle-Tacoma-Bellevue, WA metro →

MOUNTLAKE TERRACE, WA