Can You Afford a Home in Mountlake Terrace, WA?
A typical home in Mountlake Terrace is worth $678,553, down 2.1% over the past year. That is $68K below the Snohomish County typical of $746,872.
Assumes housing costs stay at 33% of gross income — the sustainable middle, not the maximum a lender would approve. A typical home in Mountlake Terrace costs $678,553. Rates as of 5 September 2026; they move weekly and your quote will differ.
What each income level buys in Snohomish County
Prices below are what keeps housing at 33% of gross income, using Snohomish County’s 0.77% effective property tax rate. The Conventional column assumes 20% down; the zero-down columns finance the funding fee into the loan.
| Household income | Conventional | VA | Zero-down CU | FHA |
|---|---|---|---|---|
| $75,000 | $321,000 | $265,000 | $243,000 | $259,000 |
| $100,000 | $439,000 | $363,000 | $332,000 | $354,000 |
| $125,000 | $558,000 | $460,000 | $422,000 | $450,000 |
| $150,000 | $676,000 | $558,000 | $512,000 | $546,000 |
| $200,000 | $913,000 | $754,000 | $691,000 | $737,000 |
How Mountlake Terrace compares to nearby towns
| Town | Typical home | Year over year | Income needed |
|---|---|---|---|
| Marysville | $626,088 | +0.1% | $139,000 |
| Everett | $648,066 | -1.6% | $144,000 |
| Arlington | $664,068 | +0.7% | $147,000 |
| Mountlake Terrace (this page) | $678,553 | -2.1% | $150,000 |
| Lake Stevens | $698,093 | -1.7% | $155,000 |
| Stanwood | $710,892 | +0.4% | $157,000 |
| Monroe | $722,297 | -0.6% | $160,000 |
If Mountlake Terrace is out of reach, Marysville, Everett, Arlington sit lower in the same county — same commute shed, same schools district-by-district, less money.
What this does not tell you
These are typical values, not listings. Half the homes in Mountlake Terrace sell for less than $678,553, and condos and townhomes sit well below it. Property tax is a county-wide effective rate, so your parcel will differ. Insurance is a state average. Run your own numbers with your own quote before you take any of this as settled.