Mukilteo, WA—98275
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mukilteo, WA
As of Oct '25, the median home price in Mukilteo, WA is $907,000, with a year-over-year change of 0.3%. This indicates that home prices in Mukilteo, WA are flat. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $907,000 | 0.3% |
| Single Family | $983,000 | 0.1% |
| Condos | $401,000 | -2.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $288,000 | -3.4% |
2 Bed | $491,000 | -1.4% |
3 Bed | $881,000 | -0.1% |
4 Bed | $1,092,000 | 0.6% |
| 5 Bed | $1,253,000 | 0.7% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Mukilteo, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Mukilteo, WA is 51. This is a increase of 5.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $850,000 | 3.0% |
Listing Count | 61 | 9.0% |
| Listings as % of Homes | 0.4% | 9.0% |
Days on Market | 51 | 5.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Mukilteo, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.7 |
| Median Home Price | $907,000 |
| Median Household Income | $123,000 |