Is Mercer Island, WA a good place to invest in rental property?

Mercer Island, WA has a median modeled monthly cash flow of $-10,909 and a median cap rate of 1.1%, on a median sold price of $2,385,000. Prices changed -3.9% year over year.

What is the average cap rate in Mercer Island, WA?

The median cap rate across recently sold homes in Mercer Island, WA is 1.1%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Mercer Island, WA?

The median sold price in Mercer Island, WA is $2,385,000 (about $777 per square foot).

Investing in Mercer Island, WA Real Estate

A data-driven snapshot of the Mercer Island, WA rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$2,385,000Median sold price

$777Median $/sqft

1.1%Median cap rate

$-10,909Modeled cash flow / mo

-3.9%Appreciation YoY

6.0Months of supply

122Active listings

244Sold (last 12 mo)

What the Mercer Island numbers say

In Mercer Island, WA, the median home sold for $2,385,000 (about $777 per square foot), and the typical deal models out to a 1.1% cap rate with a median $-10,909 of monthly cash flow. Sold prices moved -3.9% over the past year. Inventory sits at about 6.0 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Washington markets to compare

See Mercer Island cash-flowing listings

CashFlowRE ranks every for-sale home in Mercer Island, WA by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Mercer Island deals, or browse the national market data.