Foreclosure Homes in Mountlake Terrace, WA

Current Market Conditions in Mountlake Terrace, WA

Mountlake Terrace has seen a steady increase in real estate prices over the past year, indicating a growing demand for homes in the area. The combination of good schools and the city's proximity to Seattle has attracted many buyers, both families and individuals alike. With a variety of housing options, from cozy townhomes to spacious single-family homes, the market caters to a diverse population.

The rental market is also thriving, with increasing demand for rental properties as more people look to the area for housing solutions. The overall construction activity is also up, with new homes being built to accommodate the rising population.

Rent Prices In Mountlake Terrace, WA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Mountlake Terrace, WA, is on a rollercoaster ride. The average rent price in Mountlake Terrace, WA, is $1,725.00. Indeed, when looking to rent in Mountlake Terrace, WA, you can expect to pay as little as $1,100.00 or as much as $5,040.00, with the average rent median estimated to be $1,710.00. The good news is that finding an affordable and desirable property to rent in Mountlake Terrace, WA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.