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Mountlake Terrace city, WA

ZIP 98043 — Housing & Real Estate

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

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 98043

Median Home Value
$605,800
Median Rent
$1,863
Affordability Snapshot
$167,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,891/mo PITI).

22%
Rent-to-Income Ratio

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

6.0x
Home Price-to-Income Ratio

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

27.1 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 98043 in Mountlake Terrace city, WA, a household would need roughly $167,000 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 $3,891. That is about 65% above the local median household income ($101,408), 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

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
56.1%-14% vs US avg
x
Vacancy Rate
4.1%-60% vs US avg
x
Broadband Access
93.0%+7% vs US avg
x
4+ Bedrooms
4.4%-70% vs US avg
x
Built Pre-1939
1.9%-85% vs US avg
x
Built Post-2014
1.7%-75% vs US avg
x
Rent Burden >30%
18.0%-64% vs US avg
x
Mortgage-Free
30.3%-21% vs US avg
x
$605,800
Home Value
$1,863
Rent
1971
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

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

  • 1-unit detached49.4%
  • 1-unit attached5.2%
  • 2-9 units15.7%
  • 10+ units27.6%
  • Mobile home & other2.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$605,800
Median rent$1,863
Owner-occupied56.1%
Vacant4.1%
Price-to-income6.0x
Est. income to buy$167,000