What income do you need to buy a house in Mercer Island, WA?

It takes about $606,000/yr to afford the typical Mercer Island, WA home ($2.33M, -2.2% past year) at today's rates. Starter homes run around $1.50M. See if you can afford a house in Mercer Island (2026 data) — free, no signup.

Market snapshot (2026-06)

• Income needed to buy the typical home: about $606,000/yr (28% front-end ratio, 20% down, 6.66% 30-yr fixed, WA property tax and insurance)
• Typical home value: $2.33M (Zillow ZHVI, 2026-06)
• 1-year change: -2.2%
• Bottom 35% of homes: $1.50M
• Top 35% of homes start around: $3.58M
• Typical rent: $2,654/mo
• Median household income: $219K
• Price-to-income ratio: 10.6
• Estimated payment on the typical home: $11,971/mo principal & interest (20% down, 6.66% 30-yr fixed)

Nearby housing markets

• Newcastle, WA — typical home $1.40M
• Bellevue, WA — typical home $1.47M
• Bryn Mawr-Skyway, WA — typical home $672K
• Renton, WA — typical home $752K
• Tukwila, WA — typical home $578K
• Seattle, WA — typical home $856K

The most affordable cities to buy a house in Washington

Home values are Zillow Group public data (ZHVI, updated monthly); income and population are US Census Bureau ACS 5-year estimates. Estimates only — not financial advice.

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