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Mill Creek city, WA

ZIP 98012 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLarge CommunityLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 98012

Median Home Value
$811,500
Median Rent
$2,137
Affordability Snapshot
$223,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$5,213/mo PITI).

18%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

5.7x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

31.6 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 98012 in Mill Creek city, WA, a household would need roughly $223,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $5,213. That is about 57% above the local median household income ($141,653), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
66.5%+2% vs US avg
x
Vacancy Rate
3.4%-67% vs US avg
x
Broadband Access
97.1%+12% vs US avg
x
4+ Bedrooms
5.1%-65% vs US avg
x
Built Pre-1939
0.2%-98% vs US avg
x
Built Post-2014
1.2%-82% vs US avg
x
Rent Burden >30%
21.0%-58% vs US avg
x
Mortgage-Free
24.4%-36% vs US avg
x
$811,500
Home Value
$2,137
Rent
1999
Year Built
2016
Moved In

Residents have lived here since ~2016 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached61.6%
  • 1-unit attached7.1%
  • 2-9 units7.0%
  • 10+ units22.1%
  • Mobile home & other2.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$811,500
Median rent$2,137
Owner-occupied66.5%
Vacant3.4%
Price-to-income5.7x
Est. income to buy$223,000