Mercer Island, WA Real Estate
According to census data in the year 2000 there were 8,806 housing units in Mercer Island.
This represents a 5.8% growth from 8,321 in 1990.
Of those housing units, 8,806 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Mercer Island is about 80.4%.
Mercer Island's vacancy rate, including seasonal lodging, is about 4.2%.
Average household size is 2.58 people.
The majority of houses, apartments or condos in Mercer Island were built after 1966.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.40% |
| One Bedroom | 8.60% |
| Two Bedrooms | 16.30% |
| Three Bedrooms | 27.20% |
| Four Bedrooms | 32.60% |
| Five Bedrooms or more | 13.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.76 |
| Median year structure was built | 1967 |
| Median Value of occupied units | $573,900 |
| Median Price asked for vacant units | $394,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.83 |
| Median year structure was built | 1960 |
| Median Monthly Rent asked for vacant units | $1,547 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.80% |
| Second Mortgage | 6.40% |
| Home Equity Loan | 10.60% |
| Simple Mortgage | 50.40% |
| Debt Free | 31.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.1% |
