
Mountlake Terrace, WA Housing Market
$665,279
1.9% 1-yrThe average Mountlake Terrace, WA home value is $665,279, down 1.9% over the past year. (Updated on )
What is the Zillow Home Values Index?
Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.
Mountlake Terrace Key Takeaways
Typical Home Values: $665,279
1-Year Value Change: -1.9%
(Data through August 31, 2026)
Mountlake Terrace Housing Market Overview
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
Neighborhoods in Mountlake Terrace
- NameMedian ZHVI
- Ballinger$620,238
- Echo Lake$732,894
- North City$723,552
- Alderwood Manor$818,434
- Hillwood$846,932
- Meridian Park$778,158
- Ridgecrest$732,274
- Richmond Highlands$864,385
- Fircrest--
Zillow is more than a place to browse homes. It’s a place to connect with a local agent, explore financing solutions, schedule home tours, understand your buying and selling power, and more.
Mountlake Terrace Rental Market Trends
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
Frequently Asked Questions
What are current home values in Mountlake Terrace, WA?
The median home value in Mountlake Terrace, WA is $665,279 as of August 2026. This represents a 0.1% decrease compared to last month and a 1.9% decrease year-over-year.
How have home values changed in Mountlake Terrace, WA?
Home values in Mountlake Terrace, WA have decreased by 0.1% month-over-month and 1.9% year-over-year.
How do home values in Mountlake Terrace, WA compare to Snohomish County, Washington, and the national average?
The median home value in Mountlake Terrace, WA ($665,279) compares to: Snohomish County ($734,626), Washington ($591,879), and the U.S. national median ($368,697).

