Mercer Island, WA

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the Mercer Island short-term rental market based on reliable data.

Listings

34 / 93

Reliable / Active

Cap Rate

2%

Middle-Earners Gross Yield

Revenue

$37,708

Middle-Earners Revenue

Occupancy

71%

Middle-Earners Occupancy

Home Value

$2,281,504

Median Home Sale Price

Top Earners

$84,022

Top-Earners Revenue

Mercer Island

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Mercer Island.

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B

Generally Investor friendly

Mercer Island Regulations

Allowed under state law and broadly supportive of ADU development with clear standards and minimal parking burdens, but HB 1337’s “owner‑occupancy” exception likely restricts STRs to owner‑occupied ADUs, adding a meaningful compliance step; local STR licensing, fees, caps, and enforcement are not specified, leaving some procedural uncertainty but no outright prohibitions or heavy caps.

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About Mercer Island

Mercer Island is a city in King County, Washington, United States, located on an island of the same name in the southern portion of Lake Washington. Mercer Island is in the Seattle metropolitan area, with Seattle to its west and Bellevue to its east. The island is connected to the mainland on both sides by bridges carrying Interstate 90, with the city of Seattle to the west and the city of Bellevue to the east. The Lacey V. Murrow Memorial Bridge and the parallel Homer M. Hadley Memorial Bridge are floating bridges that span Lake Washington and carry, respectively, eastbound and westbound lanes of Interstate 90 and connect Mercer Island to the northern portion of Seattle's South End. I-90 traverses the northern portion of Mercer Island and is then carried from the island to Bellevue over the East Channel of Lake Washington by the East Channel Bridge. Mercer Island is located closer to Bellevue than it is to Seattle, and is therefore often considered to be part of King County's Eastside. The population was 25,748 at the 2020 census. Mercer Island has the fifth highest per-capita income in the state of Washington and is one of the 100 richest ZIP codes in the US according to the IRS figures for Adjusted Gross Income.

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