Foreclosure Homes in Mountlake Terrace, WA

Current Market Conditions in Mountlake Terrace, WA

The Mountlake Terrace real estate market has been quite competitive, with a noticeable uptick in home values over the past year as families seek out the serene suburban lifestyle and proximity to Seattle. With home prices rising, buyers are encouraged to act quickly as inventory remains low and homes are selling faster than in previous years.

A trend towards increased interest in single-family homes has driven a growing demand in the area, reflecting the desires of many for more space and community-oriented living. Townhomes and multifamily units have also seen popularity among young professionals and first-time buyers.

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.