Market Overview
Home Prices in Mill Creek, WA
The median home value in Mill Creek, WA is $962,633 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 4.1% compared to a year ago and up 2.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Mill Creek are priced135% above average. Mill Creek is part of the Seattle-Tacoma-Bellevue, WA metro area.
Over the past five years, Mill Creek home values have risen by approximately24.5%, reflecting strong long-term appreciation in this market.
Price History
Mill Creek Home Price Trend
City Comparison
Mill Creek vs. National Median
At $962,633, homes in Mill Creek cost 135% above the national median of $410,000. Buyers in Mill Creek should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Mill Creek?
20% Down Payment
$192,527
on $962,633
Monthly P&I
$5,021/mo
30-yr @ 6.8%
Total Monthly Est.
~$6,377/mo
incl. taxes & insurance
Income Needed
$255,080
gross annual (30% rule)
10% Down Option
$96,263
+ PMI applies
Loan Amount (20% dn)
$770,106
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Mill Creek, WA?
The median home value in Mill Creek is $962,633 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 4.1% year-over-year.
How much have home prices changed in Mill Creek?
Over the past year, home values in Mill Creek have decreased by 4.1%. Over five years, prices have risen approximately 24.5%.
How much do I need to earn to buy a home in Mill Creek?
To comfortably afford the median home price of $962,633 with a 20% down payment ($192,527) at today's rates (6.8%), you'd need a gross annual income of approximately $255,080. This assumes keeping total housing costs at or below 30% of gross income.
How does Mill Creek compare to the national average home price?
The national median home value is approximately $410,000. At $962,633, homes in Mill Creek are 135% above the national average.
What metro area is Mill Creek part of?
Mill Creek is part of the Seattle-Tacoma-Bellevue, WA metropolitan area. Home prices and market conditions can vary across the broader metro region.