Land and home values in Mercer Island, WA
Mercer Island is a city in King County, Washington, home to about 25,307 people. Residential land runs about $82.00 per sq ft, the typical home is worth about $2.1M, and a 2-bedroom rents for about $3,130 a month, as of October 12, 2026.
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| Land: residential | $82.00 | per sq ft |
| Land: residential | $3.57M | per acre |
| Land: quarter-acre lot | $892,980 | 10,890 sq ft |
| Home: typical (median) | $2.1M | value |
| Home: entry-level | $1.23M | lower quartile |
| Home: upper-end | $2.1M | upper quartile |
| Build new | $177 | per sq ft, no land |
| Rent: 1-bedroom | $2,750 | per month |
| Rent: 2-bedroom | $3,130 | per month |
| Rent: 3-bedroom | $4,190 | per month |
| Rent: 4-bedroom | $4,930 | per month |
| Gross yield, 2-bed | 1.8% | a year |
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Questions people ask
How much is land worth in Mercer Island, WA?
Residential land in Mercer Island, WA is about $82.00 per square foot, or $3.57M an acre, as of October 2026. A quarter-acre lot (10,890 sq ft) is about $892,980. Smaller lots sell for more per square foot and large tracts for less.
What is the typical home value in Mercer Island, WA?
The typical (median) home in Mercer Island, WA is worth about $2.1M, with entry-level homes around $1.23M and upper-end homes around $2.1M, as of October 2026.
How much is rent in Mercer Island, WA?
A 2-bedroom rents for about $3,130 a month in Mercer Island, WA, a 1-bedroom about $2,750 and a 3-bedroom about $4,190 (gross rent including utilities, HUD Fair Market Rent basis).
Is this an appraisal?
No. Indicative values for screening, budgeting and negotiation, not an appraisal. For lending, a tax appeal or legal use, hire a state-licensed or certified appraiser.