HomeWashingtonSnohomish CountyMountlake Terrace
Mountlake Terrace, Washington: commercial real estate data.
Mountlake Terrace is a Census city of 23,104 people across 4.06 square miles of land, in Snohomish County. Median household income is $107,687, 56.9 percent of occupied homes are owned, and the SBA record carries 21 7(a) approvals to borrowers here worth $23.5 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Mountlake Terrace
What Mountlake Terrace is
- Census place typecity
- Land area4.06 sq mi
- Water area0.1 sq mi
- Population per square mile of land5,697
- County holding the largest share of its areaSnohomish County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Mountlake Terrace
How many people live in Mountlake Terrace
- Population23,104
- Median age38.3
- Population under 183,919
- Share under 1817.0 percent
- Population 65 and over3,810
- Share 65 and over16.5 percent
- Households9,855
- Family households5,653
- Share of households that are families57.4 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Mountlake Terrace
Income and work in Mountlake Terrace
- Median household income$107,687
- Per capita income$59,528
- Civilian labor force13,623
- Employed13,050
- Unemployed573 plus or minus 185
- Unemployment rate4.2 percent plus or minus 1.3
- Adults 25 and over17,563
- Adults 25 and over with a high school diploma or higher94.3 percent
- Adults 25 and over with a bachelor degree or higher43.0 percent
- Adults 25 and over with a graduate degree14.9 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Mountlake Terrace
Housing in Mountlake Terrace
- Housing units10,210
- Occupied units9,855
- Vacant units355 plus or minus 146
- Vacancy rate3.5 percent plus or minus 1.4
- Owner occupied5,606
- Renter occupied4,249
- Ownership rate56.9 percent
- Median owner-occupied home value$667,300
- Median gross rent, monthly$2,004
- Annual rent as a share of median income22.3 percent
- Single family units5,651
- Share single family55.3 percent
- Units in buildings of two or more4,403
- Share in buildings of two or more43.1 percent
- Mobile homes156 plus or minus 90
- Median year structure built1973
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Mountlake Terrace
How Mountlake Terrace gets to work
- Workers 16 and over who commute10,109
- Commuting under 15 minutes1,734
- Share commuting under 15 minutes17.2 percent
- Commuting 30 minutes or more4,490
- Share commuting 30 minutes or more44.4 percent
- Drove alone62.6 percent
- Carpooled9.0 percent plus or minus 2.3
- Public transport3.3 percent plus or minus 1.5
- Walked1.0 percent plus or minus 0.6
- Worked from home21.9 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Mountlake Terrace
SBA loans in Mountlake Terrace (7(a))
- Approvals21
- Gross approval$23,510,000
- Average approval$1,119,524
- Median approval$420,000
- Ninetieth percentile approval$3,873,000
- Largest approval$5,000,000
- Jobs supported112
- Jobs per approval5.3
- Loans with a final outcome7
- Paid in full7
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more14.3 percent
- Share to franchises14.3 percent
- Distinct lenders15
- Distinct industries by NAICS20
Counted by borrower city: approvals to borrowers whose address is in Mountlake Terrace, in any county, FY2020 to FY2026. Only 7 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Mountlake Terrace
SBA loans in Mountlake Terrace (504)
- Approvals7
- Gross approval$5,753,000
- Average approval$821,857
- Median approval$659,000
- Largest approval$2,609,000
- Jobs supported86
- Loans with a final outcome3
- Charged off0
- Median term240 months
- Distinct CDCs3
Counted by borrower city: approvals to borrowers whose address is in Mountlake Terrace, in any county, FY2010 to FY2026. Only 3 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Mountlake Terrace
Flood risk in Mountlake Terrace
- NFIP communityCity of Mountlake Terrace
- NFIP community number530170
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date06/19/20
The City of Mountlake Terrace participates in the National Flood Insurance Program as community 530170 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Snohomish County, not Mountlake Terrace
Snohomish County context, not Mountlake Terrace figures
- Establishments in Snohomish County20,258
- Covered employment, Snohomish County297,617
- Average annual pay, Snohomish County$79,940
- Housing units permitted, Snohomish County4,149
Every figure in this section is published for Snohomish County as a whole and is not a measurement of Mountlake Terrace.
All Snohomish County figures →
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Mountlake Terrace questions, answered from the record.
How many people live in Mountlake Terrace, Washington?
23,104, in 9,855 households. Mountlake Terrace city covers 4.06 square miles of land, which is 5,697 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Mountlake Terrace in?
Snohomish County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Mountlake Terrace?
$107,687. The median owner-occupied home is valued at $667,300. Median gross rent is $2,004 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Mountlake Terrace businesses?
21 7(a) approvals totaling $23.5 m since FY2020, across 15 lenders, median approval $420,000, plus 7 504 approvals worth $5.8 m since FY2010. These count approvals to borrowers whose address is in Mountlake Terrace, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Mountlake Terrace borrowers get paid back?
No rate is published for Mountlake Terrace. Only 7 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Mountlake Terrace in the National Flood Insurance Program?
Yes. Mountlake Terrace appears in the FEMA Community Status Book as Mountlake Terrace, city of, community 530170, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Mountlake Terrace figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Snohomish County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Mountlake Terrace.
Is zoning published for Mountlake Terrace?
No. Nothing on this page presents parcel level zoning.