Median home value in zip code 98040 (Mercer Island, WA) is $2,281,695, down 1.1% year over year. Part of the Seattle-Tacoma-Bellevue, WA metropolitan area.

Home Value$2,281,695

YoY Change

-1.1%

Prices falling — better for buyers.

Affordability

Enter your income for 98040 (Mercer Island).

Income (annual)

Down Payment

$456,339 on $2,281,695

Example: $75,000 household income. Change it above to see your own.

Out of reach214.8% of income

Need $575,229/yr to afford.

PITI$13,422

P/I214.8%

Afford$297K

Gap-$1.98M

P&I $11,537Tax $1,768Ins $117

6.50% 30yr, 20% down, county tax + WA ins. 28% per HUD.

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

Metro Analysis

98040 is part of the Seattle-Tacoma-Bellevue, WA metropolitan area. See full stress scores, crash risk, early warning signals, and 12-month price forecast for the metro.

View Seattle-Tacoma-Bellevue, WA analysis

Want deeper metro-level analysis?Stress scores, crash risk, 12-month forecasts, and early warning signals for 195 US metros.

Try Free

Weekly briefing

Every Monday — score changes, top movers, and what shifted. Free.