Home prices
The median home in Mercer Island is valued at $1,218,200. In comparison to its nearby areas it is roughly $200,540 (14%) lower.It is roughly $1,000,700 (460%) higher in comparison to the nation as a whole, and compared to the city of Seattle is roughly $555,100 (83%) higher.
Rents
Mercer Island's median monthly rent is $2,162. It is is very similar in comparison to the surrounding areas.Compared to the United States as a whole it is roughly $1,100 (103%) higher, and it is about $548 (33%) higher in comparison to the city of Seattle.
Nearby places
Beaux Arts Village
Beaux Arts Village is Mercer Island's neighbor to the northeast. The real estate prices there are a bit more expensive. The median home cost in Beaux Arts Village is $1,525,000, which is $306,800 (20%) higher than Mercer Island. Rent there is substantially less expensive. Beaux Arts Village's median monthly rent is $1,375, which is $787 (57%) lower than Mercer Island.
Bellevue
Bellevue is Mercer Island's neighbor to the northeast. Housing prices there are significantly less expensive. Bellevue's median home price is $809,200, which is $409,000 (50%) lower than Mercer Island. The rent there is somewhat less expensive. The median monthly rent in Bellevue is $1,947, which works out to $215 (11%) lower than Mercer Island.
Medina
Medina is Mercer Island's neighbor to the north. The housing prices there are a lot more expensive. The median home in Medina is valued at $2,000,001, which is $781,801 (39%) higher than Mercer Island. The rent there is a little more expensive. In Medina the median rent is $2,855 a month, which comes out to $693 (24%) higher than Mercer Island.
Newcastle
Newcastle is approximately 3 miles southeast from Mercer Island. Housing prices there are significantly less expensive. The value of the median home in Newcastle is $759,500, which comes out to $458,700 (60%) lower than Mercer Island. Rent there is somewhat less expensive. The median rent in Newcastle is $1,814 per month, which comes out to $348 (19%) lower than Mercer Island.
Clyde Hill
Clyde Hill is about 3 miles north of Mercer Island. The real estate prices there are a lot more expensive. The median home cost in Clyde Hill is $2,000,001, which works out to $781,801 (39%) higher than Mercer Island. The rent there is somewhat more expensive. Clyde Hill's median rent is $2,714 a month, which is $552 (20%) higher than Mercer Island.
