Mukilteo, WA 98275 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Mukilteo, WA—98275

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$901,000

0.1% YoY Growth

Household Income

$123,000

16.6% YoY Growth

Days on Market

14.0% Shorter YoY

Home Price Forecast

0.4%

Median Rent

$1,950

3.0% YoY Growth

1-Bed Rent

$1,780

19.0% YoY Growth

2-Bed Rent

$1,950

6.8% YoY Growth

3-Bed Rent

$3,650

28.4% YoY Growth

Home Price Trends — Mukilteo, WA

As of Dec '25, the median home price in Mukilteo, WA is $901,000, with a year-over-year change of 0.1%. This indicates that home prices in Mukilteo, WA are flat. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$901,000	0.1%
Single Family	$979,000	0.0%
Condos	$399,000	-2.2%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Mukilteo, WA

As of July '25, Rentcast reports the average rent in Mukilteo, WA is $2,580, with a year-over-year rent change of -3.0%. Per bedroom, the median rent as of July '25 in Mukilteo, WA is studios: $1,860, 1-bedrooms: $1,880, 2-bedrooms: $2,340, 3-bedrooms: $3,620, 4-bedrooms: $4,200. The most common rental property sizes in Mukilteo, WA are 2-bedroom and 1-bedroom, accounting for 51.4% and 25.2% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,950	$2,580
Studio Rent	$1,860	$1,860
1 Bed Rent	$1,780	$1,880
2 Bed Rent	$1,950	$2,340
3 Bed Rent	$3,650	$3,620
4 Bed Rent	$4,200	$4,200

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% of Rental Stock

Studio

1.6%

1 Bedroom

25.2%

2 Bedrooms

51.4%

3 Bedrooms

15.5%

4 Bedrooms

5.8%

5+ Bedrooms

0.6%

Property Listings — Mukilteo, WA

As of Dec '25, Realtor.com reports that the median days on market for a home in Mukilteo, WA is 54. This is a decrease of -6.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 21.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$843,000	8.0%
Listing Count	34	8.0%
Listings as % of Homes	0.4%	8.0%
Days on Market	52	-14.0%

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Demographics — Mukilteo, WA

As of the latest ACS Survey released in 2023, Mukilteo, WA has a population of 21,300, which has remained stable by 0.2% over the past 5 years. Mukilteo, WA is a moderately popular place for families, as children make up 21.2% of the population. The area has a highly educated workforce, with 54.8% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 25.4% reporting working from home.

Metric	Latest Census	YoY % Change
Population	21,300	0.2%
% Under 18	21.2%	-2.8%
% Seniors	18.6%	26.5%
% WFH	25.4%	388.5%
% w/ College Degree	54.8%	3.8%

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As of the latest ACS Survey released in 2023, Mukilteo, WA is a predominantly white area, with 60.6% of the population identifying as white. The white population has shrunk by 10.1% in the last 5 years. The second most common race or ethnicity in Mukilteo, WA is asian, making up 20.0% of the population. Foreign-born residents account for 21.5% of the population in Mukilteo, WA, and this percentage has increased by 2.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	60.6%	-10.1%
% Black	1.3%	-35.0%
% Hispanic	8.2%	36.7%
% Asian	20.0%	4.7%
% Foreign Born	21.5%	2.4%

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Mortgage and Risk — Mukilteo, WA

According to HUD data as of 2023, there were 403 mortgage originations in Mukilteo, WA, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 48.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Mukilteo, WA. Investor activity is low, as 1.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	403
% Conventional Loans	94.0%
% Government Loans	6.0%
% Investor Loans	1.0%
% Second Loans	0.0%
% Cash Out Refinance	7.0%

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Rentals and Section 8 — Mukilteo, WA

As of 2024, the percent of homes in Mukilteo, WA under the Section 8 program is 2.6%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Mukilteo, WA, because HUD payments exceed market rent, while 3-bedroom units do not.

Section 8 Market Size

Total Units under HUD	51
Total Units Section 8	51
% Rentals under Section 8	2.6%
% Occupied Section 8	89.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$590	$1,780	$2,370
2 Bedroom	$810	$1,950	$2,760
3 Bedroom	-$10	$3,650	$3,640
4 Bedroom	$40	$4,200	$4,240

Mukilteo, WA—98275

Key Metrics at a Glance

Home Price Trends — Mukilteo, WA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Mukilteo, WA

% of Rental Stock

Property Listings — Mukilteo, WA

Demographics — Mukilteo, WA

Race and Ethnicity

Mortgage and Risk — Mukilteo, WA

Mortgages

Rentals and Section 8 — Mukilteo, WA

Section 8 Market Size

Section 8 Opportunity

Affordability — Mukilteo, WA

Home Price to Income Ratio

Mukilteo, WA — ZIP Code Boundary Map

Nearby ZIP Codes

Everett, WA

Lynnwood, WA

Everett, WA

Lynnwood, WA

Lynnwood, WA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	6.7
Median Home Price	$901,000
Median Household Income	$123,000

Mukilteo, WA—98275

Key Metrics at a Glance

Home Price Trends — Mukilteo, WA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Mukilteo, WA

% of Rental Stock

Property Listings — Mukilteo, WA

Demographics — Mukilteo, WA

Race and Ethnicity

Mortgage and Risk — Mukilteo, WA

Mortgages

Rentals and Section 8 — Mukilteo, WA

Section 8 Market Size

Section 8 Opportunity

Affordability — Mukilteo, WA

Home Price to Income Ratio

Mukilteo, WA — ZIP Code Boundary Map

Nearby ZIP Codes

Everett, WA

Lynnwood, WA

Everett, WA

Lynnwood, WA

Lynnwood, WA

Frequently Asked Questions

What is the average home price in Mukilteo, WA 98275?

How have home prices in Mukilteo, WA 98275 changed over the past year?

What is the home price projection for Mukilteo, WA 98275?

What are the demographics of Mukilteo, WA 98275?

How long does it take homes to sell in Mukilteo, WA 98275?

What is the average rent price in Mukilteo, WA 98275?