Can You Afford a Home in Mercer Island, WA?
A typical home in Mercer Island is worth $2,295,406, down 1.6% over the past year. That is $1,442K above the King County typical of $853,410.
Open the calculator for Mercer Island Free, instant, no signup
Assumes housing costs stay at 33% of gross income — the sustainable middle, not the maximum a lender would approve. A typical home in Mercer Island costs $2,295,406. Rates as of 5 September 2026; they move weekly and your quote will differ.
What each income level buys in King County
Prices below are what keeps housing at 33% of gross income, using King County’s 0.84% effective property tax rate. The Conventional column assumes 20% down; the zero-down columns finance the funding fee into the loan.
| Household income | Conventional | VA | Zero-down CU | FHA |
|---|---|---|---|---|
| $75,000 | $318,000 | $263,000 | $241,000 | $257,000 |
| $100,000 | $435,000 | $360,000 | $330,000 | $352,000 |
| $125,000 | $552,000 | $457,000 | $419,000 | $446,000 |
| $150,000 | $670,000 | $554,000 | $508,000 | $541,000 |
| $200,000 | $904,000 | $748,000 | $686,000 | $731,000 |
How Mercer Island compares to nearby towns
| Town | Typical home | Year over year | Income needed |
|---|---|---|---|
| Woodinville | $1,351,599 | -3.5% | $295,000 |
| Redmond | $1,352,192 | -4% | $296,000 |
| Newcastle | $1,378,115 | -1.9% | $301,000 |
| Bellevue | $1,451,887 | -3.9% | $317,000 |
| Sammamish | $1,557,390 | -5.6% | $339,000 |
| Mercer Island (this page) | $2,295,406 | -1.6% | $497,000 |
| Beaux Arts Village | $2,771,729 | -4.1% | $598,000 |
If Mercer Island is out of reach, Woodinville, Redmond, Newcastle, Bellevue, Sammamish sit lower in the same county — same commute shed, same schools district-by-district, less money.
What this does not tell you
These are typical values, not listings. Half the homes in Mercer Island sell for less than $2,295,406, and condos and townhomes sit well below it. Property tax is a county-wide effective rate, so your parcel will differ. Insurance is a state average. Run your own numbers with your own quote before you take any of this as settled.