Market Summary

Mercer Island, King County, WA

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Median Home Price Price

$2,231,670 $2.2M

Median Monthly Rent Rent

$2,921 $2.9K

GRM

63.0x

GRM = Median Home Price divided by annual rent.

Price = Median Home Price.

Rent = Median Monthly Rent.

Similar markets within King County

Region Price Rent GRM Display
$1,593,839 $3,654 36.0x
$1,112,983 $3,021 31.0x
$1,347,342 $2,269 49.0x
$1,450,362 $3,346 36.0x
$976,388 $2,678 30.0x
$1,348,231 $2,905 39.0x
$1,159,073 $2,386 40.0x
$1,222,507 $2,950 35.0x
$1,342,031 $3,068 36.0x

Home prices

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Monthly rent

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GRM

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Similar markets within WA outside of King County

Region Price Rent GRM Display
$650,932 $3,258 17.0x
$2,307,119 $2,271 85.0x
$686,091 $2,754 21.0x
$704,279 $997 59.0x
$1,036,341 $2,834 30.0x

Home prices

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Monthly rent

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GRM

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Similar markets outside of WA

Region Price Rent GRM Display
$712,633 $3,012 20.0x
$1,200,324 $2,878 35.0x
$1,336,390 $3,103 36.0x
$1,192,093 $1,372 73.0x
$1,351,161 $2,615 43.0x
$2,281,280 $3,383 56.0x
$2,178,136 $3,394 53.0x
$647,965 $2,804 19.0x
$1,599,784 $3,784 35.0x
$1,098,587 $2,902 32.0x
$1,770,805 $3,306 44.0x
$1,423,092 $2,230 53.0x
$1,501,060 $3,540 35.0x
$548,020 $2,726 17.0x
$1,806,693 $3,100 49.0x
$1,931,695 $2,905 55.0x
$574,653 $2,763 17.0x
$646,594 $2,913 19.0x
$1,027,024 $1,319 65.0x
$1,896,789 $3,907 40.0x
$1,248,944 $3,236 32.0x
$1,419,983 $3,840 31.0x
$798,799 $1,047 64.0x
$1,358,935 $3,734 30.0x
$2,402,161 $4,064 49.0x
$477,618 $2,708 15.0x
$1,241,181 $3,337 31.0x
$1,377,215 $1,896 60.0x

Home prices

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Monthly rent

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GRM

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Mercer Island

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Trend Insights

Median Rent in Mercer Island, WA is $2,921, with MoM change +$29 and YoY change +$165 pointing to positive momentum while volatility is low (std $39).

Benchmark Markets Side by Side

Search a market to benchmark rent, price, YoY, and price-to-rent against Mercer Island, WA.

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Metric
Base market Mercer Island, WA
Compare market Select a market
Delta vs base
Median rent
$2,921
N/A
Median price
$2,231,670
N/A
YoY change
+$165
N/A
Price-to-rent
63.7x
Data unavailable
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