Why Live in Mountlake Terrace
Mountlake Terrace is a metropolitan suburb north of Seattle with a population of around 22,000. The neighborhood is centrally located near major cities like Bothell and Everett, providing residents with easy access to significant employers and economic hubs. The area is known for its outdoor community, featuring nine parks within four miles, trails, a waterfront area, and a public pool. Single-family homes are prevalent, ranging from mid-century ranch-style to new traditional designs, particularly in neighborhoods like Lake Ballinger and Town Center. Condos and apartments are also available, with prices varying widely. Mountlake Terrace boasts nearly 270 acres of recreational space, including off-leash dog areas, athletic fields, and trails. Ballinger Lake offers a fishing pier and hosts the city's 3rd of July celebration, while Terrace Creek Park, known as "Candy Cane Park," features movie nights and live music during the Terrace Summer Nights series. Shopping centers along State Highway 99 provide access to major grocers, retail chains, and international cuisine. The Edmonds School District serves the area with highly rated schools such as Brier Elementary, Brier Terrace Middle School, and Mountlake Terrace High School. The Sound Transit 1 Line light rail connects the neighborhood to Seattle, which is about 15 miles away, and Seattle-Tacoma International Airport, less than 30 miles away. Community Transit buses and State Highway 104 offer additional transportation options. The nearest hospital is Swedish Edmonds Campus, a Level IV Trauma Center. Violent crime has decreased since 2021, making the area safer than the national average.
Frequently Asked Questions
What is the average home price in Mountlake Terrace, WA?
Homes for sale in Mountlake Terrace, WA have an average home price of $700,807.
How many homes have sold over the last 12 months in Mountlake Terrace, WA?
176 homes have sold in Mountlake Terrace, WA over the last 12 months.
Is Mountlake Terrace, WA a safe city?
What are the most popular zip codes in Mountlake Terrace, WA?
What are the most popular neighborhoods in Mountlake Terrace, WA?
How much do you need to make to afford a house in Mountlake Terrace?
The median home price in Mountlake Terrace is $675,000. If you put a 20% down payment of $135,000 and had a 30-year fixed mortgage with an interest rate of 6.77%, your estimated principal and interest payment would be $3,510 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $150K a year to afford the median home price in Mountlake Terrace.
How are the schools in Mountlake Terrace, WA?
Home Trends in Mountlake Terrace, WA
On average, homes in Mountlake Terrace, WA sell after 20 days on the market compared to the national average of 50 days. The median sale price for homes in Mountlake Terrace, WA over the last 12 months is $685,000, up 5% from the median home sale price over the previous 12 months.
Median Sale Price
$685,000
Median Single Family Sale Price
$735,500
Median Townhouse Sale Price
$642,000
Median 2 Bedroom Sale Price
$417,000
Median 1 Bedroom Sale Price
$295,000
Average Price Per Sq Ft
$495
Number of Homes for Sale
24
Last 12 months Home Sales
176
Median List Price
$675,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
5%
