Mukilteo, WA

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the Mukilteo short-term rental market based on reliable data.

Listings

17 / 53

Reliable / Active

Cap Rate

3%

Middle-Earners Gross Yield

Revenue

$28,146

Middle-Earners Revenue

Occupancy

61%

Middle-Earners Occupancy

Home Value

$932,510

Median Home Sale Price

Top Earners

$71,931

Top-Earners Revenue

Mukilteo

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Mukilteo.

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D

Unfriendly to Investors

Mukilteo Regulations

Short-term rentals are prohibited in residential zones (most areas) with active enforcement, only permitted in limited commercial zones requiring mixed-use buildings, and regulatory uncertainty creates high investment risk.

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About Mukilteo

Mukilteo is a small waterfront city in Snohomish County, Washington, situated on the eastern shore of Puget Sound just north of Seattle. With a population of roughly 21,000, it has the feel of a quiet, well-kept Puget Sound town — a place of tidy residential streets, a working waterfront, and easy access to both the open water and the greater Seattle metropolitan area. Mukilteo is best known for its historic lighthouse and as the southern terminus of the ferry to Whidbey Island, and it lies about 25 miles north of downtown Seattle, a position that places it within easy commuting distance while keeping it firmly anchored to the maritime rhythms of the Sound.

One of the city's signature destinations is Mukilteo Lighthouse Park, a compact waterfront park on Possession Point that combines a sandy beach, picnic areas, and panoramic views of the Olympic Mountains and Possession Sound. The park is home to the historic Mukilteo Light Station, dating to 1906, and it sits just minutes from the city's downtown core, making it a natural starting point for visitors arriving by ferry. Adjacent to the lighthouse, the Mukilteo–Clinton ferry terminal itself is a working landmark, with Washington State Ferries running sailings across to Whidbey Island throughout the day and offering one of the more scenic short crossings in the region.

A short drive east of the waterfront, Japanese Gulch trails offer a network of forested paths and climbs that locals favor for hiking, trail running, and mountain biking, with views over Possession Sound from the higher loops. The trailheads are only a few minutes from the city center and reward visitors with a surprisingly wild-feeling experience given the suburb's proximity to Seattle. Further inland, the city is also a convenient jumping-off point for the massive Boeing Everett Factory, the world's largest building by volume, where public tours draw visitors interested in commercial aviation and the assembly lines that produce the 747, 767, 777, and 787.

Just across the water, Whidbey Island adds another layer of appeal, with the towns of Langley, Coupeville, and Oak Harbor all reachable via the ferry and within roughly an hour's drive of the Mukilteo terminal. The island offers state parks, beaches, and the historic Coupeville waterfront for day trips that complement a Mukilteo-based stay.

Mukilteo's appeal as a short-term rental base lies in this balance. It is close enough to Seattle and the Everett Boeing plant to attract business travelers and aviation enthusiasts, yet small enough to feel like a retreat, with waterfront parks, ferry access to Whidbey Island, and a string of nearby outdoor and cultural draws that keep leisure visitors engaged across multiple days.

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