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Mountlake Terrace

Mountlake Terrace

Located in Snohomish County

$727,479 Average Value
$437 Average Price per Sq Ft
3 Homes For Sale

Metropolitan suburb north of Seattle

Mountlake Terrace is a smaller city of around 22,000 people that sits centrally located to major nearby cities but never too far away from nature. “We’re definitely small city but trending toward a large city feel,” says Andrew Appelwick, Events Coordinator for the City of Mountlake Terrace. “We’re a big outdoor community. We have nine parks within the 4 miles here. We have trails and a waterfront area. We have our own pool.”

It is also conveniently located near major area employers. “We’re close to Bothell, which has a lot of Biomed. To the north is Everett, a major economic engine because it has the Paine Field. Being between these cities and close to Seattle is essential,” says Rikki Fruichantie, Communication Manager for the City of Mountlake Terrace. Besides these factors, residents can explore various cultural restaurants and be close to the city-run events.

Residential homes in Mountlake Terrace are modern and large.
Residential homes in Mountlake Terrace are modern and large.
Mountlake Terrace's Pontiac Car Show is one of many neighborhood events.
Mountlake Terrace's Pontiac Car Show is one of many neighborhood events.
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Condos and houses from Lake Ballinger to Gateway

Single-family houses are common and vary in architecture from mid-century, ranch-style homes to new traditionals, like those in both Lake Ballinger and Town Center . The median single-family home price is approximately $700,000, which is around $100,000 less than the Seattle average. Neighborhoods, including Lake Ballinger, Cascade View and Gateway , have traditional condo and apartment options too. Condos are listed from around $250,000 to $700,000.

Condos and townhomes are another housing option in Gateway, Mountlake Terrace, WA.
Condos and townhomes are another housing option in Gateway, Mountlake Terrace, WA.
A cozy renovated ranch style home in Mountlake Terrace, WA is nestled against the trees.
A cozy renovated ranch style home in Mountlake Terrace, WA is nestled against the trees.
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Activities from Ballinger Lake to Candy Cane Park

The city has nearly 270 acres of recreational space, including parks with off-leash dog areas, athletic fields and various trails. Nile Shrine Golf Course is a public course adjacent to Ballinger Lake with water views. Mountlake Terrace’s only lake and fishing pier is in Ballinger Park, where the city’s 3rd of July celebration is held. One of the city’s first parks is Terrace Creek Park, affectionately known locally as “Candy Cane Park,” garnered after the first red and white play structure was built in 1954. Movie nights and live music are held in the park’s open space as part of the Terrace Summer Nights series.

There are plenty of fun outdoor activities at Lake Ballinger, neighboring Mountlake Terrace.
There are plenty of fun outdoor activities at Lake Ballinger, neighboring Mountlake Terrace.
Terrace Creek Park in Mountlake Terrace offers walking trails and more.
Terrace Creek Park in Mountlake Terrace offers walking trails and more.
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State Highway 99 shopping centers and international cuisine

Ballinger Village is the city's central retail area with a Thriftway and fast-food chains. The area also has bars and restaurants. Additional shopping centers with major grocers, big box stores and retail chains are found along state Highway 99.

Mazatlan Restaurant is the spot to get your Mexican food fix in Mountlake Terrace, WA.
Mazatlan Restaurant is the spot to get your Mexican food fix in Mountlake Terrace, WA.
Eggs benedict with a refreshing fruit bowl is one of the many tasty Patty's Eggnest offerings.
Eggs benedict with a refreshing fruit bowl is one of the many tasty Patty's Eggnest offerings.
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Education in Edmonds School District

Edmonds School District serves Mountlake Terrace and earns a B-plus grade from Niche. Four of the district’s 20 elementary schools are in the city, including Brier, which maintains a B-plus; Mountlake Terrace, which receives a B-minus; and Terrace Park and Cedar Way, which both earn B grades. Brier Terrace Middle School and Mountlake Terrace High School both earn B-plus grades.

Mountlake Terrace High School provides excellent education and top-notch after-school programs.
Mountlake Terrace High School provides excellent education and top-notch after-school programs.
Brier Terrace Middle School main entrance.
Brier Terrace Middle School main entrance.
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Sound Transit light rail and Seattle accessibility

In August 2024, Mountlake Terrace received a stop along the Sound Transit 1 Line light rail to Seattle. The rail runs parallel to Interstate 5, which connects the city to Seattle’s Fortune 500 companies in about 15 miles and the Seattle-Tacoma International Airport (SEA)—or “SeaTac”—in less than 30 miles. State Highway 99 also leads to Seattle and SeaTac. Community Transit buses serve the city. State Highway 104 runs east and west, tying the area to Edmonds and the Edmonds-Kingston ferry in about 5 miles. Swedish Edmonds Campus is the nearest hospital and is a Level IV Trauma Center.

Decreasing violent crime across Mountlake Terrace

According to the Mountlake Terrace Police Department’s 2023 annual report, violent crime figures have decreased since 2021. Although the report does not include a comprehensive look at property crime figures, it indicates that vehicle thefts and burglaries have increased during over the same time frame.

Lauren Melton
Written By
Lauren Melton
Erik Knudsen
Photography Contributed By
Erik Knudsen
Bill Jennings
Video By
Bill Jennings

Interested in learning more about homes in this area? Reach out to Lucie Tickle, an experienced agent 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

Mountlake Terrace Housing Trends

Housing Trends

Median List Price
$675,000
Median Sale Price
$667,500
Median Single Family Sale Price
$790,000
Median Townhouse Sale Price
$667,500
Median 2 Bedroom Sale Price
$515,000
Median Change From 1st List Price
1%
Last 12 months Home Sales
47
Median Home Sale Price YoY Change
-12%
Average Price Per Sq Ft
$437

Neighborhood Facts

Number of Homes in Neighborhood
6,253
Number of Homes for Sale
3
Median Year Built
1962
Months of Supply
0.80
Average Single Family Home Size Sq Ft
1,556
Below the national average
1,924
Average Townhouse Size Sq Ft
1,601
Average 2 Bedroom Size Sq Ft
994
Average 1 Bedroom Size Sq Ft
623
Median Lot Size Sq Ft
8,276

Open Houses

  • Sunday, Aug 3
    10am - 12pm

    23004 52nd Ave W, Mountlake Terrace, WA 98043

    $680,000

    • 3 Beds
    • 1 Bath
    • 1,036 Sq Ft
    • 23004 52nd Ave W
    • New 25 days ago

    Adorable and like new - this three bed and one bath ranch home is a 15 minute walk to Mountlake Terrace's light rail and even faster to the breweries and restaurants in the thriving MLT downtown area. Great schools and neighbors surround this versatile property. Every square inch has been gone through and updated with a careful and well thought out remodel and the next owner should enjoy a turn

    Gavin Gregory COMPASS

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  • Saturday, Aug 2
    12 - 2pm

    8815 221st Place SW, Edmonds, WA 98026

    $849,900

    • 3 Beds
    • 2.5 Baths
    • 1,633 Sq Ft
    • 8815 221st Place SW

    *$5,000 closing cost credit to buyer + appraised in June for $950K!* Live the coveted Edmonds lifestyle this summer! Prime location within mins of Yost Park & pool, downtown Edmonds & waterfront - you can't beat this location! Set on a quiet dead-end street, natural light pours in through abundant windows to highlight a functional layout w/ open living spaces, mini-splits for A/C, 2 fireplaces,

    Lauren GeRoy SPIRE ONE Realty

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Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Mountlake Terrace Has More Owners

Demographics

Total Population
24,018
Median Age
40
Population Density
530 ppl/acre
Population under 18
20.7%
On par with the national average
23.8%
Population over 65
17.3%
On par with the national average
19.1%

Finances

Median Household Income
$93,179
Above the national average
$71,702
Average Household Income
$116,262

Education and Workforce

High School Graduates
93.8%
On par with the national average
89.1%
College Graduates
38.4%
Advanced Degrees
13.3%
% Population in Labor Force
70.2%
Above the national average
65.1%

Weather

Annual Precipitation
34''
Average Winter Low Temperature
36°F
Average Summer High Temperature
72°F
Annual Snowfall
3''

Area Factors

Bikeable

Bike Score®®

53 / 100

Somewhat Walkable

Walk Score®®

62 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

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.
Mountlake Terrace