Home prices
The median home in Mountlake Terrace costs $392,600. It is about $71,500 (15%) lower compared to its nearby areas.It is roughly $175,100 (80%) higher in comparison to the rest of the country, and compared to the city of Seattle it is approximately $270,500 (40%) lower.
Rents
In Mountlake Terrace the median rent is $1,464 per month. In comparison to nearby areas this is about $171 (10%) lower.Compared to the nation as a whole it is approximately $402 (37%) higher, and it is about $150 (9%) lower compared to the city of Seattle.
Nearby places
Brier
Brier is Mountlake Terrace's neighbor to the east. Housing prices there are a bit more expensive. The median home in Brier costs $525,900, which comes out to $133,300 (25%) higher than Mountlake Terrace. Rents there are somewhat more expensive. The median rent in Brier is $2,000 per month, which comes out to $536 (26%) higher than Mountlake Terrace.
Alderwood Manor
Alderwood Manor is Mountlake Terrace's neighbor to the northeast. Housing prices there are a bit more expensive. The median home in Alderwood Manor costs $420,400, which is $27,800 (6%) higher than Mountlake Terrace. Its rents are a little more expensive. The median rent in Alderwood Manor is $1,678 a month, which works out to $214 (12%) higher than Mountlake Terrace.
Edmonds
Edmonds is Mountlake Terrace's neighbor to the northwest. The housing prices there are somewhat more expensive. The median home in Edmonds costs $536,900, which works out to $144,300 (26%) higher than Mountlake Terrace. Rents there are similar. The median rent in Edmonds is $1,466 per month, which is very similar to Mountlake Terrace.
Lynnwood
Lynnwood is Mountlake Terrace's neighbor to the north. Real estate prices there are fairly similar. Lynnwood's median home value is $395,300, which is very similar to Mountlake Terrace. The rent there is somewhat less expensive. In Lynnwood the median rent is $1,303 a month, which comes out to $161 (12%) lower than Mountlake Terrace.
Esperance
Esperance is roughly 1 mile west of Mountlake Terrace. Its real estate prices are somewhat more expensive. The median home in Esperance costs $442,000, which comes out to $49,400 (11%) higher than Mountlake Terrace. Rent there is somewhat more expensive. The median rent in Esperance is $1,729 per month, which is $265 (15%) higher than Mountlake Terrace.
