Terrace Heights, WA
Population 9,480 · Washington
About Terrace Heights, WA
Terrace Heights is a small town located in Washington with a population of 9,480 residents according to the latest US Census Bureau American Community Survey data. The median household income is $79,525 per year, which is 6% above the national median of $75,149. The median age of 39.1 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Terrace Heights features a median home value of $325,000, which is 33% above the national median of $244,900. This positions Terrace Heights in a moderately priced market relative to the rest of the country. Median monthly rent is $1,124, 3% below the national average of $1,163/month. Of the 4,409 total housing units, 66% are owner-occupied (2,783 units) and 34% are renter-occupied (1,445 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Terrace Heights shows an unemployment rate of 1.4%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 10.2%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Terrace Heights have an average one-way commute time of 19.5 minutes, one of the shorter commutes in the region.
Education & Demographics
32.8% of Terrace Heights residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 22.1% White, 3.0% Hispanic or Latino, 0.2% Black or African American, and 3.5% Asian residents, with 11.7% of the population being foreign-born.
How Terrace Heights Ranks in Washington
Cost of Living in Terrace Heights, WA
Compared to national averages, Terrace Heights has a median household income of $79,525 (6% above the national median of $75,149). Home values average $325,000, which is 33% above the national median. Monthly rent at $1,124 is 3% below the US average of $1,163. Within Washington, Terrace Heights's income is 12% below the state average of $90,795, and home values are 29% below the state median of $460,491.
Why Live in Terrace Heights, WA?
Terrace Heights offers a strong local economy with a median household income of $79,525, well above the national average, and rent that’s lower than the national average at $1,124/month, and a strong job market with an unemployment rate of just 1.4%. Additionally, the city features a low poverty rate of 10.2%, better than the national average, and short commute times averaging just 19.5 minutes.
Terrace Heights has a population of 9,480 with a median age of 39.1 years. Compare Terrace Heights with other cities to see how it stacks up, or explore all cities in Washington.
Similar Cities Near Terrace Heights
Cities in Washington with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Burlington | 9,637 | $74,028 | $432,900 | Compare |
| College Place | 9,828 | $59,768 | $335,000 | Compare |
| Picnic Point | 9,833 | $128,295 | $747,600 | Compare |
| Summit View | 9,014 | $103,910 | $482,100 | Compare |
| DuPont | 9,952 | $114,423 | $550,200 | Compare |
| Orting | 8,957 | $120,994 | $452,800 | Compare |
| Summit | 8,885 | $107,977 | $480,000 | Compare |
| Alderwood Manor | 10,168 | $118,077 | $651,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Washington
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Terrace Heights With Other Cities
Frequently Asked Questions about Terrace Heights
What is the population of Terrace Heights, WA?
The population of Terrace Heights, WA is 9,480 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Washington.
What is the median household income in Terrace Heights?
The median household income in Terrace Heights, WA is $79,525 per year, which is 6% above the national median of $75,149.
What is the median home value in Terrace Heights?
The median home value in Terrace Heights, WA is $325,000, which is 33% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Terrace Heights?
The median monthly rent in Terrace Heights, WA is $1,124, which is 3% below the national average of $1,163/month.
What is the unemployment rate in Terrace Heights?
The unemployment rate in Terrace Heights, WA is 1.4%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Terrace Heights, WA a good place to live?
Terrace Heights offers above-average incomes, a competitive housing market, and a strong job market. With a population of 9,480 and a median age of 39.1, the city appeals to a broad range of residents.
How educated is Terrace Heights, WA?
32.8% of residents in Terrace Heights aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Terrace Heights?
Key cost-of-living indicators for Terrace Heights, WA: median home value is $325,000 (33% above national), median rent is $1,124/month, and median household income is $79,525. The home-value-to-income ratio is 4.1x, a moderate figure by national standards.
What is the poverty rate in Terrace Heights?
The poverty rate in Terrace Heights, WA is 10.2%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Terrace Heights, WA?
Terrace Heights's population is 22.1% White, 3.0% Hispanic or Latino, 0.2% Black or African American, 3.5% Asian, and 1.8% two or more races. 11.7% of residents are foreign-born.