Mountlake Terrace, WA Real Estate
According to census data in the year 2000 there were 8,162 housing units in Mountlake Terrace.
This represents a 3.9% growth from 7,854 in 1990.
Of those housing units, 8,162 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Mountlake Terrace is about 59.6%.
Mountlake Terrace's vacancy rate, including seasonal lodging, is about 3.2%.
Average household size is 2.55 people.
The majority of houses, apartments or condos in Mountlake Terrace were built after 1968.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.30% |
| One Bedroom | 12.90% |
| Two Bedrooms | 33.50% |
| Three Bedrooms | 34.30% |
| Four Bedrooms | 13.20% |
| Five Bedrooms or more | 3.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.77 |
| Median year structure was built | 1963 |
| Median Value of occupied units | $170,000 |
| Median Price asked for vacant units | $137,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.24 |
| Median year structure was built | 1977 |
| Median Monthly Rent asked for vacant units | $738 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 9.70% |
| Home Equity Loan | 11.60% |
| Simple Mortgage | 58.40% |
| Debt Free | 20.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 22.5% |
