Mercer Island

Mercer Island

Located in King County

$2,490,710 Average Value
$917 Average Price per Sq Ft
77 Homes For Sale

Utopia on Lake Washington

For Seattleites, Mercer Island is a utopia in the center of scenic Lake Washington. With a population of around 26,000, this well-established city offers metropolitan life within a leisurely island community. Mercer Island has hiking trails, beaches and a vibrant city center, but its most alluring draw is its welcoming, family-oriented neighborhoods. "People move here for the sense of community, the values and the schools," says Lisa Novak, an Agent at Windermere Real Estate who has lived in the city for nearly 20 years. "You know other folks, and they have your back. Kids can run out and ride bikes together. It feels like a throwback to the 1950s."

The East Mercer neighborhood has incredible views of Lake Washington.
The East Mercer neighborhood has incredible views of Lake Washington.
Head to Downtown Mercer Island to find big city amenities close the East Mercer neighborhood.
Head to Downtown Mercer Island to find big city amenities close the East Mercer neighborhood.
Pioneer Park features acres of unspoiled forest and various trails for nature walks.
Pioneer Park features acres of unspoiled forest and various trails for nature walks.
Impressive East Mercer homes sit lakeside looking out towards Bellevue.
Impressive East Mercer homes sit lakeside looking out towards Bellevue.
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Investing in waterfront real estate

Stylish midcentury architecture has a glassy contemporary look, while traditional waterfront homes have a maritime flair. Coastal neighborhoods have properties that reach 5,000 square feet in areas such as Island Point and Groveland. Additionally, modest ranch-style homes are in walkable neighborhoods, like Parkwood, closer to the city center. "People buy here because property maintains its value, and historically, it doubles every 10 years," Novak says. "It's not only a great place to live, but you get a good return on investment." The median price of single-family homes in Mercer Island is $2.5 million, significantly higher than the national average of $407,200.

Mercer Island Estates features many Midcentury Modern homes along with other styles.
Mercer Island Estates features many Midcentury Modern homes along with other styles.
Impressive East Mercer homes sit lakeside looking out towards Bellevue.
Impressive East Mercer homes sit lakeside looking out towards Bellevue.
Mercer Island Estates features a variety of different homes, including Ranch style.
Mercer Island Estates features a variety of different homes, including Ranch style.
These homes share a backyard plot of land in the First Hill neighborhood.
These homes share a backyard plot of land in the First Hill neighborhood.
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One of the best school districts in Washington

Serving about 4,000 students in the area, the Mercer Island School District earns an A grade from Niche, which rates it the fifth-best public system in Washington. Mercer Island High School boasts an A-plus Niche grade and has an average SAT score of 1390. "Our schools are amazing," Novak says. "People who grew up on the island return to this community for the amazing district."

Lakeridge Elementary serves the younger Mercer Island students in the area.
Lakeridge Elementary serves the younger Mercer Island students in the area.
Islander Middle School earns an A grade Niche and serves the students on Mercer Island.
Islander Middle School earns an A grade Niche and serves the students on Mercer Island.
Mercer Island High School earns an A+ from Niche and offers many extracurricular programs.
Mercer Island High School earns an A+ from Niche and offers many extracurricular programs.
Island Park Elementary School serves students in the Appleton area.
Island Park Elementary School serves students in the Appleton area.
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Lakefront beaches and hiking areas

Mercer Island has nearly 500 acres of public parks and recreation areas. Aubrey Davis Park features athletic facilities with views of the Seattle Skyline. The I-90 Trail is a greenway path spanning 10 miles along the interstate, providing bike access to Seattle and Bellevue. The island also features multiple boat landings and sandy beaches in areas like Luther Burbank Park, which has an extensive boardwalk path. "There are plenty of ways to connect with nature," Novak says. "Mercer Island has a great trail system and a lot of hiking areas. Many people have boats, and there are both public and private beaches for people to enjoy the scenery."

Aubrey Davis Park is in the First Hill neighborhood of Mercer Island, WA.
Aubrey Davis Park is in the First Hill neighborhood of Mercer Island, WA.
Aubrey Davis Park is on the northern end of Mercer Island.
Aubrey Davis Park is on the northern end of Mercer Island.
Mercer Island parks feature many public boat landings.
Mercer Island parks feature many public boat landings.
Appleton bike enthusiast's head to the Mercer Island Bike Skills Park to take some laps.
Appleton bike enthusiast's head to the Mercer Island Bike Skills Park to take some laps.
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Artsy and modern Downtown

Downtown Mercer Island is an innovative city center with colorful modern architecture and an upbeat vibe as traffic connects to the surrounding cities. Its core is a modest selection of fitness studios, coffee shops and bookstores. There are sculptures along the trail system, and several galleries downtown are part of the city's monthly art walk. Dining options include upscale Italian restaurants, cafes and Asian eateries. Metropolitan Market is a high-end grocery store, and QFC is a supermarket on either end of the island.

There are many artworks sprinkled throughout Downtown Mercer Island.
There are many artworks sprinkled throughout Downtown Mercer Island.
Mercer Island Florist has been serving the Downtown Mercer Island community for 55 years.
Mercer Island Florist has been serving the Downtown Mercer Island community for 55 years.
Island Books is one of the best bookstores around and is located in Downtown Mercer Island.
Island Books is one of the best bookstores around and is located in Downtown Mercer Island.
Mioposto in Downtown Mercer Island is a neighborhood favorite for pizza.
Mioposto in Downtown Mercer Island is a neighborhood favorite for pizza.
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The surrounding tech industry

The city government and the Mercer Island School District are the island's most significant employers. However, Mercer Island has a high average income and access to King County's tech scene. "Big tech companies have locations on both sides of the lake, so it's a very convenient location," says Marcel Kluetz, Broker at Queen Anne Real Estate. Companies such as Amazon, Boeing and Microsoft all have headquarters in the surrounding cities, each employing more than 50,000 people. "We moved here because my husband works in tech," Novak says. "Many people who worked for Boeing are now retired here."

Microsoft has a large presence in Southeast Redmond and is the area's main employer.
Microsoft has a large presence in Southeast Redmond and is the area's main employer.
Boeing is a large employer in the Seattle-Tacoma region and close to Mercer Island.
Boeing is a large employer in the Seattle-Tacoma region and close to Mercer Island.
The Amazon headquarters in downtown Seattle is a short drive away from Mercer Island.
The Amazon headquarters in downtown Seattle is a short drive away from Mercer Island.
Mercer Island High School.
Mercer Island High School.
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Park & Ride to Downtown Seattle

The city's Park & Ride area provides access to the King County Metro and Sound Transit bus systems. The East Link light rail will likely connect to Mercer Island in the spring of 2025. Interstate 90 is a floating expressway to Bellevue and Issaquah. Downtown Seattle is about 7 miles west on I-90. The Seattle-Tacoma International Airport is roughly 17 miles south for worldwide travel.

Lower crime rates and beautiful Seattle summers

According to FBI crime statistics, violent crime in Mercer Island is substantially lower than the national average. Property crime is slightly more on pace with national trends but still considerably lower than the average rate in Washington.

This city experiences a temperate climate with wet winters and warm summers. "There's nothing more beautiful than being on a Seattle beach in the summer. Our summers are just amazing," Novak says.

Jackson Hardy
Written By
Jackson Hardy
Howard Snyder
Photography Contributed By
Howard Snyder
Jessica Johnson
Video By
Jessica Johnson

Interested in learning more about homes in this area? Reach out to Moira Holley, an experienced agent in this area.

Agents Specializing in this Area

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Mercer Island Housing Trends

Housing Trends

Median List Price
$2,399,500
Median Sale Price
$2,350,000
Median Single Family Sale Price
$2,500,000
Median Townhouse Sale Price
$772,500
Median 2 Bedroom Sale Price
$667,500
Median Change From 1st List Price
0%
Last 12 months Home Sales
255
Median Home Sale Price YoY Change
$3
Average Price Per Sq Ft
$917

Neighborhood Facts

Number of Homes for Sale
77
Months of Supply
3.60

Open Houses

  • Sunday, Jun 15
    2 - 4pm

    4419 Ferncroft Rd, Mercer Island, WA 98040

    $3,798,000

    • 5 Beds
    • 4.5 Baths
    • 5,371 Sq Ft
    • 4419 Ferncroft Rd

    Nestled in the Ferncroft Neighborhood, this custom-built home offers stunning lake views + seamless indoor-outdoor living. Designed for comfort & entertaining, it features soaring ceilings, open spaces, a chef’s kitchen, and abundant natural light with the perfect blend of formal & informal spaces. The Primary Suite boasts a sitting area, double-sided fireplace, and panoramic lake views. 3 add’l

    Agent Photo
    Michele Schuler
    Realogics Sotheby's Int'l Rlty
    (206) 203-3987
  • Wednesday, Jun 18
    11am - 2pm

    18 Holly Ln, Mercer Island, WA 98040

    $11,400,000

    • 6 Beds
    • 4.5 Baths
    • 4,800 Sq Ft
    • 18 Holly Ln
    • New 2 days ago

    Cruise home to a spectacular legacy residence found tucked upon the coveted western shore of Mercer Island. Set upon 137+/- feet of private no bank waterfront, this soul satisfying, custom five bedroom residence was conceived in 1974 with active entertaining in mind. The heart of the nearly 5,200sf home is centered with an updated kitchen allowing a natural flow indoors & out to entertaining

    Scott Richards Windermere Real Estate/East

  • Saturday, Jun 14
    11am - 2pm

    7760 81st Place SE, Mercer Island, WA 98040

    $2,695,000

    • 4 Beds
    • 2.5 Baths
    • 2,867 Sq Ft
    • 7760 81st Place SE
    • New 2 days ago

    Lifestyle, location & community! This beautifully maintained Buchan legacy home sits in the best spot in the Lakes! Spacious chef’s kitchen, formal living room, main floor guest room/office, upper-level primary with vaulted ceilings and 2 additional upper bedrooms. Versatile bonus room over garage. Level, sunny lot with mature landscaping and an oversized 3-car garage. Open the gate to the

    Greg Rosenwald COMPASS

Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value



Source: Public Records

Property Mix - Square Feet

Mercer Island Has More Owners

Demographics

Total Population
25,474
Median Age
45
Population Density
41 ppl/acre
Population under 18
22.7%
On par with the national average
23.8%
Population over 65
22%
On par with the national average
19.1%

Finances

Median Household Income
$198,845
Significantly above the national average
$71,702
Average Household Income
$200,588

Education and Workforce

High School Graduates
98.2%
College Graduates
77.9%
Significantly above the national average
34.1%
Advanced Degrees
38.9%
Significantly above the national average
13.3%
% Population in Labor Force
65%

Weather

Annual Precipitation
40''
Average Winter Low Temperature
36°F
Average Summer High Temperature
77°F
Annual Snowfall
2''
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Mercer Island