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ZIP Code · WA

ZIP 98043

Pop. 23,101·Snohomish County·99th most expensive ZIP in Washington
Median rent (all units)
$2,078/mo
Year-over-Year
-0.6%
Month-over-Month
+0.9%
vs US Median
+$113
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 98043 · $2,078
More expensive than 64% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,990
1 BR
$2,060
2 BR
$2,400
3 BR
$3,140
4 BR+
$3,690
Research median
$2,400/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$24,936/yr
At $2,078/mo median
Location
StateWA
CountySnohomish County
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (-0.6% YoY, +0.9% MoM), not inventory.
Demographics

Who lives here

ZIP 98043 (Mountlake Terrace, WA) is majority owner-occupied, has a median income above the national average, 42.9% of residents hold a bachelor's degree or higher.

Population
23,101
Median income
$107,687
Median age
38.3
Renters
43.2%
Age distribution
17%
26.1%
27.8%
12.6%
16.5%
Under 1817%
18–3426.1%
35–5427.8%
55–6412.6%
65+16.5%
Gender
49.5%
50.5%
Male49.5%
Female50.5%
Race & ethnicity
61.4%
15.3%
White61.4%
Black4.2%
Hispanic15.3%
Asian11.7%
Other7.5%
Education (25+)
21.5%
29.8%
42.9%
No HS diploma5.7%
HS diploma21.5%
Some college29.8%
Bachelor's+42.9%
Housing tenure
56.8%
43.2%
Owner56.8%
Renter43.2%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 98043 in Mountlake Terrace, WA has changed in 5 years

Rent
$1,668 → $2,078
up 24.6%
Income
$87,920 → $107,687
up 22.5%
Population
21,265 → 23,101
up 8.6%
Renter share
43.7% → 43.2%
-0.5 pts
Bachelor's+
38.5% → 42.9%
+4.4 pts
Median age
37.7 → 38.3
+0.6 yrs

Compared with 2021, rent in ZIP 98043 in Mountlake Terrace, WA has increased by $410 per month, settling near $2,078 after starting the period at $1,668. Household income in the area moved from $87,920 to $107,687 across the same window, up 22.5% versus 2021. Headcount in the area went from 21,265 to 23,101 between 2021 and 2024, a 8.6% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 38.5% to 42.9%. Reading these numbers side by side helps frame whether current listings in ZIP 98043 in Mountlake Terrace, WA look reasonable against where the market sat half a decade ago.

Community

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Local insights

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About renting in ZIP 98043

Last updated: July 20, 2026

ZIP code 98043 covers Mountlake Terrace, WA. The median rent here is $2,078/mo as of July 2026. A 1-bedroom rents for a median of $2,060/mo. A 2-bedroom rents for a median of $2,400/mo.

At 23% of local median household income ($107,687/yr), ZIP 98043 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 0.6% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 98043?

As of July 20, 2026, the median monthly rent in ZIP 98043 (Mountlake Terrace, WA) is $2,078. This is based on aggregated data from public sources and community submissions.

How does ZIP 98043 rent compare to the US average?

ZIP 98043's median rent of $2,078/mo is $113 (6%) above the US national median of $1,965/mo.

How does ZIP 98043 compare to other ZIPs in Washington?

ZIP 98043 falls in the middle range for Washington, ranking #99 out of 209 ZIPs at $2,078/mo.

How much income do you need to rent in ZIP 98043?

To keep rent at or below 30% of gross income, you would need to earn at least $83,000/year (~$40/hour full-time) to afford the median rent of $2,078/mo in ZIP 98043. The local median household income is $107,687/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 98043?

Rent in ZIP 98043 has decreased 0.6% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 98043 an affordable place to rent?

ZIP 98043 is considered very affordable for renters. At $2,078/mo, rent takes approximately 23% of the local median household income ($107,687/yr). The standard benchmark is 30%. ZIP 98043 falls comfortably within that range.

What percentage of ZIP 98043 residents rent vs. own?

According to Census data, approximately 43.2% of ZIP 98043 households are renters, while 56.8% are owner-occupied. ZIP 98043 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 98043 compare to the rest of Mountlake Terrace?

ZIP 98043 sits right at the Mountlake Terrace citywide median of $2,078/mo.

When was rent data for ZIP 98043 last updated?

Rent data for ZIP 98043 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
23%
VERY AFFORDABLE

At $2,078/mo, rent takes ~23% of ZIP 98043's median household income ($107,687/yr). The standard benchmark is 30%.

ZIP 98043 23%Benchmark 30%
State income taxNone
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Public schools near ZIP 98043 (Mountlake Terrace, WA)

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