Population
25,000 - 50,000
~25,464 residents
Median Income
$190,985
Household median
Home Value
$1,504,500
Median price
Area Type
Suburban
6.4 sq mi
Location
Detailed Information
Demographics
- Population Range:
- 25,000 - 50,000
- Median Income:
- $190,985
- Classification:
- Suburban
Housing Market
- Median Value:
- $1,504,500
- Price Range:
- $1,200,000 - $1,800,000
- Land Area:
- 6.4 sq mi
Data Quality: 100%
ExcellentData from US Census Bureau 2023 • US Census Bureau
Zillow Home Value Index
Real-time market data powered by Zillow • Updated October 2025
Metro Area: Seattle-Tacoma-Bellevue, WA
Typical Home Value in 98040
Price Appreciation
Historical Price Trend
Historical home values show market trends over time. Values are smoothed and seasonally adjusted.
Investment Insight
Declining values: Home values decreased by -0.35% over the past year, which may present buying opportunities.
💡 Note: Past performance doesn't guarantee future results. Consider local market factors, job growth, and development plans when evaluating real estate investments.
Zillow Home Value Index (ZHVI) data provided by Zillow Group. ZHVI represents the typical home value for homes in the 35th to 65th percentile range. Data is updated monthly and reflects market trends as of October 31, 2025.
Median Income
$190,985
vs state avg
Median Home Value
$1,504,500
vs state avg
Population
25,464
Suburban
Quality of Life
76/100
Good
What's It Like to Live in Mercer Island?
Key insights about ZIP 98040 at a glance
Population
25,464
Suburban community
Median Income
$191k
Household earnings
Median Home Value
$1505k
Housing market
Affordability
7.9
Price-to-income ratio
Your Day in Mercer Island
Start your day with quality education options in Mercer Island
Explore local shops and restaurants in Mercer Island
Unwind in green spaces and community areas in Mercer Island
Quick Compare
See how this stacks up
Explore Mercer Island, WA
Visual guide to life in this area
Economy & Employment
Job market and economic indicators
Median Household Income
$190,985
Median Home Value
$1,504,500
Home-to-Income Ratio
7.9x
Education & Schools
Educational opportunities and demographics in 98040
Local Schools
Mercer Island offers diverse educational opportunities for all ages
85%
Estimated graduates
5602
School-age residents
School Quality
Above Average
Based on area demographics
Healthcare & Wellness
Medical facilities and health resources in your area
Quality Healthcare Access
Mercer Island area has multiple medical facilities serving the community
5-10
Healthcare facilities nearby
< 5mi
Average distance to hospital
Parks & Recreation
Outdoor spaces and recreational activities
Community Parks
Multiple green spaces and recreational facilities for families
Parks
3-5 nearby
Sports
Fields & courts
Trails
Walking paths
Events
Community gatherings
Shopping & Dining
Retail, restaurants, and local businesses
Local Shopping
Mercer Island offers diverse shopping and dining experiences
Restaurants
20+ dining options
Retail Stores
Major & local shops
Cafes & More
Local favorites
Pros & Cons of Living in ZIP 98040
Advantages
- High median income at $190,985, well above state average
- Suburban setting balances urban access and residential calm
Considerations
- High cost of housing compared to state average
- Housing affordability challenge with prices at 7.9x median income
Living in Mercer Island, WA 98040
Mercer Island offers a unique lifestyle in the heart of WA. This suburban community provides residents with a close-knit community feel.
Suburban Lifestyle
Mix of residential calm and accessibility to urban amenities.
Family-Oriented
Good balance of schools, parks, and community services.
Upscale Amenities
Higher-end restaurants, boutiques, and services available.
Community Feel
Active neighborhood associations and local events.
Who Lives Here
Affluent professionals, executives, and established families with high educational attainment.
Lifestyle & Activities
Suburban residents seeking balance between community feel and access to urban conveniences.
Household Composition
Predominantly families with children, along with empty nesters and some young professionals.
What's Life Like Here? (AI Insights)
Data & Demographics
Demographic Distribution
Age Distribution
Education Levels
ZIP 98040 by the Numbers
Interactive data visualizations for Suburban living
Total Population
0
Median Income
$0
Home Value
$0
Quality Score
0/100
Comparative Metrics
25.5% of max (100,000)
100.0% of max (150,000)
100.0% of max (800,000)
0
out of 100
Affordability
50.93
out of 100
Community Size
100
out of 100
Economic Strength
Transportation & Commute
Average commute time is approximately 30 minutes, typical for suburban areas.
Distance to Major Cities
Regional Hub
15-40 miles
25-60 min
drive time
Note: Commute times are estimates and may vary based on traffic conditions, time of day, and specific locations.
Weather & Climate
Climate Type
Oceanic/temperate
Seasonal Pattern
Mild, wet winters and warm, dry summers
Weather Highlights
- Green, lush landscapes
- Moderate temperatures
- Relatively low humidity
Discover Mercer Island Amenities
Everything you need, right in your neighborhood
Schools
12+ locations
Healthcare
8+ locations
Shopping
50+ locations
Parks
15+ locations
How Does Mercer Island Stack Up?
See how ZIP 98040 compares to state and national averages
Income Comparison
Home Value Comparison
Ready to Explore More?
Compare Mercer Island with other areas or find your perfect ZIP code match
Living Here: Pros & Cons (AI Analysis)
Who Lives Here?
Community Profile
ZIP code 98040 in Mercer Island, WA (King) is a established community with approximately 25,464 residents. The area is classified as suburban, offering a balance of convenience and space.
Income Demographics
The median household income is $190,985, which is high-income area. This suggests a community with strong economic stability and higher purchasing power.
Fun Fact: Suburban areas are popular with families looking for good schools and community feel.
Housing & Rent
Median Home Value
$1,504,500
Premium Market
Est. Monthly Rent
$6,018
Typical 2-3BR
Market Overview
The housing market in ZIP 98040 is high-value properties in a desirable location. With a median home value of $1,504,500, this area represents a premium investment in a sought-after location.
Rent vs Buy
Renting in this ZIP code typically costs around $6,018/month for a 2-3 bedroom home. Given the rental costs, buying may be a strong option for long-term residents looking to build equity.
Jobs & Income
Median Household Income
$190,985
Per Year
Job Market
Mercer Island offers a diverse job market with opportunities primarily in retail, education, healthcare, and corporate. Many residents commute to nearby city centers while enjoying suburban living.
Commute & Transportation
Average commute times in this area are approximately 25-35 minutes. Most residents drive to work, with access to major highways and roads.
Schools Overview
School Quality
ZIP code 98040 in Mercer Island, WA generally features highly rated schools with strong academic programs. The area's excellent school ratings make it a top choice for families prioritizing education.
Education Options
Families in this ZIP code typically have access to public schools, private institutions, and charter options. Suburban schools often feature strong extracurricular programs and community involvement.
Is ZIP 98040 a Good Place to Live?
Whether ZIP code 98040 in Mercer Island, WA is right for you depends on your priorities. Here's a balanced look:
Pros
- ✓Balance of space and convenience
- ✓Strong economic stability
- ✓High-value, appreciating properties
Cons
- ⚠May require commuting for work
- ⚠Premium pricing may limit affordability
The Bottom Line
ZIP code 98040 is perfect for families and professionals seeking community, space, and quality of life. Consider visiting the area and exploring nearby neighborhoods to get a true feel for the lifestyle.
Frequently Asked Questions
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