98040 — Mercer Island, WA home prices
ZIP 98040 is falling, a premium-priced area.
Momentum-1.8%Falling
Vs typical+357%Premium
Rental yield1.3%Low yield
Real Estate Price Map scores, derived from the data on this page · how we calculate them
2000: $730,020 → today: $2,322,941 (3.2×)
Typical home value
$2,322,941
Zillow ZHVI
Since 2000
+218%
Rank in WA
#2
of 485 ZIPs
Median rent
$2,559/mo
1.3% gross yield
Market read
At $2,322,941, ZIP 98040 in Mercer Island is 357% above the typical WA ZIP ($508,514), ranking #2 of 485.
It sits in King County — see full county data →.
Home value history
Zillow ZHVI, yearly.
🏙️ Mercer Island prices🗂️ King County data📍 Open in Google Maps📊 All Washington home prices🔎 ZIP lookup
Frequently asked questions
What is the average home value in ZIP code 98040?
The typical home in ZIP 98040 (Mercer Island, WA) is worth $2,322,941 — 357% above the typical WA ZIP ($508,514).
How have home prices in 98040 changed since 2000?
Home values in ZIP 98040 are +218% versus 2000.
What is the rental yield in ZIP 98040?
Median rent is $2,559/mo, about a 1.3% gross yield.
What county is ZIP 98040 in?
ZIP 98040 is in King County.
| Year | ZIP 98040 home value |
|---|---|
| 2000 | $730,020 |
| 2001 | $766,984 |
| 2002 | $768,658 |
| 2003 | $798,508 |
| 2004 | $873,475 |
| 2005 | $1,036,913 |
| 2006 | $1,167,658 |
| 2007 | $1,206,136 |
| 2008 | $1,089,302 |
| 2009 | $974,944 |
| 2010 | $884,594 |
| 2011 | $834,812 |
| 2012 | $841,896 |
| 2013 | $943,084 |
| 2014 | $1,016,001 |
| 2015 | $1,140,975 |
| 2016 | $1,263,575 |
| 2017 | $1,441,046 |
| 2018 | $1,546,823 |
| 2019 | $1,522,702 |
| 2020 | $1,702,074 |
| 2021 | $2,089,968 |
| 2022 | $2,247,464 |
| 2023 | $2,202,961 |
| 2024 | $2,385,437 |
| 2025 | $2,364,653 |
| 2026 | $2,322,941 |