Most Expensive Mercer Island Neighborhoods
Mercer Island is a medium-sized city located in the state of Washington. With a population of 24,326 people and five constituent neighborhoods, Mercer Island is the 44th largest community in Washington.
Mercer Island home prices are not only among the most expensive in Washington, but Mercer Island real estate also consistently ranks among the most expensive in America.
Mercer Island is a decidedly white-collar city, with fully 95.41% of the workforce employed in white-collar jobs, well above the national average. Overall, Mercer Island is a city of professionals, managers and sales and office workers. There are especially a lot of people living in Mercer Island who work in management occupations (25.13%), healthcare (11.98%) and sales jobs (11.06%).
Also of interest is that Mercer Island has more people living here who work in computers and math than 95% of the places in the US.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 9.66% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
In addition, Mercer Island is home to many people who could be described as "urban sophisticates", which are people who are not only wealthy and employed in professional occupations, but highly educated to boot. Urban sophisticates have urbane tastes - whether they reside in a big or small city, a suburb, or a little town. Urban sophisticates support bookstores, quality clothing stores, enjoy luxury travel, and in big cities, they are truly the patrons of the arts, attending and supporting institutions such as opera, symphony, ballet, and theatre.
Mercer Island is a good choice for families with children because of several factors. Many other families with children live here, making it a place where both parents and children are more likely to develop social ties with other families. The city’s good public school district and large population of college-educated adults provide an environment conducive to academic success. Many people own their own single-family homes, providing areas for children to play and stability in the community. Finally, Mercer Island’s overall crime rate is lower than average for the country.
Like elsewhere in America, most people in Mercer Island use a private automobile to get to work. But notably, a substantial number of Mercer Island‘s citizens do make use of public transit in their daily commute, primarily riding the bus. This helps more people get to work with less air pollution, and require fewer highways to get them there.
Do you have a 4-year college degree or graduate degree? If so, you may feel right at home in Mercer Island. 75.60% of adults here have a 4-year degree or graduate degree, whereas the national average for all cities and towns is just 21.84%.
The per capita income in Mercer Island in 2010 was $75,396, which is wealthy relative to Washington and the nation. This equates to an annual income of $301,584 for a family of four.
Mercer Island is a very ethnically-diverse city. The people who call Mercer Island home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Mercer Island residents report their race to be White, followed by Asian. Important ancestries of people in Mercer Island include German, Irish, English, Swedish, Italian and Russian.
Mercer Island also has a high percentage of its population that was born in another country: 17.38%.
The most common language spoken in Mercer Island is English. Some people also speak Chinese.
|MERCER ISLAND INFORMATION||DETAILS|
|NUMBER OF HOMES AND APARTMENTS||9,431|
|MERCER ISLAND HOME OWNERSHIP|
|% OWNER OCCUPIED||73.78%|
|% RENTER OCCUPIED||26.22%|
|TYPE OF MERCER ISLAND HOMES|
|SINGLE FAMILY DETACHED||69.44%|
|ROWHOUSES AND ATTACHED HOMES||1.38%|
|SMALL APARTMENT BUILDINGS||1.45%|
|COMPLEXES OR HIGH RISE APARTMENTS||27.73%|
|SIZE OF MERCER ISLAND HOMES|
|5 OR MORE BEDROOMS||14.78%|
|AGE OF MERCER ISLAND HOMES|
|NEWER HOMES (2000 OR LATER)||16.73%|
|ESTABLISHED, BUT NOT OLD HOMES (1970-1999)||35.84%|
|WELL-ESTABLISHED, OLD HOMES (1940-1969)||44.55%|
|HISTORIC (1939 OR BEFORE)||2.88%|
|MERCER ISLAND REAL ESTATE INFORMATION||DETAILS|
|MEDIAN HOME VALUE||$1,208,417|
|MEDIAN RENTAL PRICE||$2,628|
|HOME VALUE RANGE|
|$0 - $70,000||1.12%|
|$70,001 - $140,000||0.72%|
|$140,001 - $280,000||0.90%|
|$280,001 - $420,000||4.42%|
|$420,001 - $559,000||3.33%|
|$559,001 - $699,000||3.66%|
|$699,001 - $1,049,000||22.68%|
|$1,049,001 - $1,399,000||27.09%|
|PEOPLE OF MERCER ISLAND||DETAILS|
|UNDER 5 YEARS||5.14%|
|5 TO 17||19.49%|
|18 TO 24||3.99%|
|25 TO 34||7.44%|
|35 TO 54||27.72%|
|55 TO 64||15.89%|
|65 YEARS AND OVER||20.34%|
|EDUCATIONAL ATTAINMENT OF ADULTS|
|HIGH SCHOOL GRADUATES||98.09%|
|MEDIAN HOUSEHOLD INCOME||$125,651|
|PER CAPITA INCOME||$75,396|
|INDIVIDUALS BELOW POVERTY LEVEL||4.26%|
|INDUSTRIES PEOPLE WORK IN||Professional, scientific, and technical services (18.00%)
Real estate (6.70%)
Information Technology (3.76%)
|BLACK OR AFRICAN AMERICAN||1.76%|
|AMERICAN INDIAN AND ALASKA NATIVE||0.10%|
|NATIVE HAWAIIAN AND OTHER PACIFIC ISLANDERS||0.77%|
|SOME OTHER RACE ALONE||0.26%|
|TWO OR MORE RACES||3.30%|
|HISPANIC OR LATINO (OF ANY RACE)||3.26%|
|ETHNICITIES PRESENT||German (14.96%)
|LANGUAGES SPOKEN||English (81.78%)
Get matched with a pre-screened, customer-rated real estate agent and receive up to $2,000 or more when you buy or sell.
Get the Ultimate Agent…
We screen Real Estate Professionals according to rigorous sales and service benchmarks, and we constantly survey our customers to make sure that Brokers in our elite network are meeting your highest standards. We guarantee it.†
…Plus a Cash Award
How much cash could I get?
Select an option below. You'll hear from us within 1 business hour.
Copyright © 2000-2016 Location Inc®. All the trademarks displayed on this page are the property of Location, Inc®. The NeighborhoodScout® search engine is covered under US Patents No. 7,043,501 and 7,680,859. Our nationally-comparable school ratings are covered under US Patent No. 8,376,755. Other US patent applications are currently pending.