HomeWashingtonSnohomish CountyMountlake Terrace city
Mountlake Terrace city, Washington: commercial real estate data.
Mountlake Terrace city 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.
76 sourced place values · tier FULL · 8 sections · 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
A charge-off rate is not published here. only 7 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
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
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Snohomish County, not Mountlake Terrace
Snohomish County context, not Mountlake Terrace figures
These are Snohomish County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Mountlake Terrace measurements.
- Establishments in Snohomish County20,258
- Employment at those establishments, Snohomish County283,649
- Covered employment, Snohomish County297,617
- Average annual pay, Snohomish County$79,940
- Average weekly wage, Snohomish County$1,537
- Housing units permitted, Snohomish County4,149
- Of those, single family, Snohomish County2,406
- County product, 2024, Snohomish County$61,969,883,000
- County product change over the prior year, Snohomish County4.7 percent
- Average income of an arriving household, Snohomish County$108,142
Every figure in this section is published for Snohomish County as a whole and is not a measurement of Mountlake Terrace. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
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. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
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 totalling $23.5 m, across 15 lenders, median approval $420,000, plus 7 504 approvals worth $5.8 m. 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 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page Mountlake Terrace figures?
No, and they are labelled 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?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.