RentYield Atlas

ZIP 98040 — Mercer Island, WA: rental yield & market data

Gross rental yield of 1.37% — ranked #229 of 229 Washington ZIP codes. June 2026 data.

Gross rental yield
1.37%
Home value
$2,327,753
Market rent / mo
$2,654
Price-to-rent
73.1

Trend

Metric1-year change5-year change
Home value-2.2% +18.1%
Market rent+1.4% +26.1%

Metro: Seattle-Tacoma-Bellevue, WA · County: King County · Annual rent: $31,848

Comparable ZIP codes in Washington

Similar home values, sorted by yield — the cheapest way to see if 98040 is actually the better buy.

ZIPCitySTHome valueRent/moYieldP/RValue 1y
98008BellevueWA$1,383,568$3,9853.46%28.9-4.6%
98074SammamishWA$1,578,422$3,8862.95%33.8-6.2%
98006BellevueWA$1,649,528$3,5972.62%38.2-3.9%
98075SammamishWA$1,813,791$3,9372.60%38.4-5.0%
98053RedmondWA$1,440,922$2,9762.48%40.4-3.8%
98033KirklandWA$1,608,253$2,8682.14%46.7-5.2%
98005BellevueWA$1,584,360$2,5931.96%50.9-2.7%
98004BellevueWA$1,914,657$2,9831.87%53.5-2.3%

Top rental yields in all of Washington →

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