What is the rental yield in Magnolia, Mill Creek, Washington?

The gross yield in Magnolia, Mill Creek, Washington is 3.2. Prices are in line with the city and 35% above the state median, while the Red Flag score is 57, walkability is 93, and education is in the 87th percentile.

How have prices changed over the past year in Magnolia, Mill Creek, Washington?

Over the past year, prices in Magnolia, Mill Creek, Washington declined 1.1%. The neighborhood also has a gross yield of 3.2, prices in line with the city and 35% above the state median, a Red Flag score of 57, walkability of 93, and education in the 87th percentile.

How does Magnolia compare with Mill Creek, Washington on walkability?

Magnolia in Mill Creek, Washington has walkability of 93, which is a key strength in the data. It also shows a gross yield of 3.2, prices in line with the city and 35% above the state median, a Red Flag score of 57, education in the 87th percentile, and prices down 1.1% over the past year.

Neighborhood

Magnolia

Mill Creek, Washington US

Magnolia in Mill Creek, Washington has an investment profile defined by low yield and relatively high pricing, with a gross yield of 3.2 and prices in line with the city but 35% above the state median. The Red Flag score of 57 indicates moderate risk. Walkability of 93 is a clear strength, and education is in the 87th percentile. Over the past year, prices declined 1.1%.

AI Summary•Updated May 2026

Area

0.02 mi²

ZIP Code

98012

County

Snohomish County

State

Washington

Redfin — median sale & volumeZillow ZORI — asking rentFEMA National Risk Index v1.20OpenStreetMap — POIFBI UCR — state crimeEPA — radon zonesUS Census ACS / TIGER 2024

Verified Price · Median Sale

$958,465

YoY-1.1%

Gross Rental Yield

3.2%

Listed rent · ZORI annualized

Red Flag Index

Moderate

57 / 100

Walkability Score

Walker's Paradise

OpenStreetMap POI density · national percentile

Education Score

87 / 100

Excellent · better than 87% of U.S. districts

Pre-pandemic SEDA (2018/19) · district proxy

AI Score

Fair

DistrictScore attractiveness · national model

Magnolia Property Prices & Rental Yield

Verified Redfin sale data and Zillow ZORI asking rent for Magnolia, Mill Creek.

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Market Economics Snapshot

May 2026

Metric	Value	YoY
Median Sale Price	$958,465	-1.1%
Price / Sq Ft (Verified)	$474/sqft	-1.6%
Asking Rent (Median)	$2,556/mo	+3.0%
Gross Rental Yield	3.2%	—
Liquidity Score	45 / 100	Moderate
Homes Sold (Period)	196	-22.2%

Is Magnolia Safe? Natural-Hazard Risk

FEMA National Risk Index composite across eight hazards, plus inherited Washington crime context.

Red Flag Breakdown

57 / 100

Moderate Risk

Composite is weighted by expected impact — frequent low-damage hazards (hail, wind) weigh less than flood or wildfire.

Earthquake100Very High

Heat80Very High

Flood60High

Wildfire60High

Tornado20Low

Strong Wind20Low

Hail20Low

Hurricanen/an/a

7/8 hazards scored · FEMA NRI v1.20

Crime (state-level): Washington averaged 27.9 crimes and 3.3 violent per 1,000 residents (-13.0% YoY) in 2024(FBI UCR). Compare the state to the country, not states as a ranking — full Safety & Crime data lives on the state page.

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Tract-level hazard heatmap & parcel detail with Pro

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See all eight FEMA hazard scores — free with a DistrictScore account.

What Stands Out AI Insight

Highly walkable neighborhood — score 93/100

Active transaction volume — 196 homes sold last period

Earthquake risk is Very High (100/100)

Heat risk is Very High (80/100)

Insights are generated from Magnolia's live DistrictScore metrics.

Magnolia Environment & Safety

Satellite PM2.5 air-quality history, FBI UCR crime trend (Washington-level, the finest official aggregation), EPA radon potential and point-source hazard screening.

Washington Crime Trend

FBI UCR

20132024

All crimes / 1k

Violent / 1k

Year	Crimes / 1k	Violent / 1k	YoY
2024	27.9	3.3	-13.0%
2023	32.5	3.6	-12.5%
2022	37.5	3.8	+11.9%
2021	33.7	3.4	+12.1%
2020	30.3	2.9	+0.9%
2019	30.3	3.0	—

Reported at the state level — the finest official US crime aggregation; Magnolia inherits the Washington figures.

Radon Potential

EPA

Zone 3

Zone 3 — Lowest potential · Magnolia

EPA radon zones estimate indoor radon potential county-wide (Zone 1 highest, Zone 3 lowest). Testing is recommended in all zones.

Walkability & Amenities in Magnolia

Amenity density and pedestrian access from OpenStreetMap points of interest.

Walkability & Amenities

OpenStreetMap POI

93

Walker's Paradise

Walkability Score

0

Grocery

12

Dining

0

Schools

0

Universities

0

Hospitals

1

Pharmacies

2

Parks

0

Rail Transit

0

Coworking

POI counts are amenities within Magnolia's boundary plus a 400 m walk buffer. Rail transit excludes bus stops.

Magnolia vs Mill Creek vs Washington

How Magnolia benchmarks against its city and state medians.

Benchmark vs City & State

Across Magnolia, the median sale price sits in line with the median for Mill Creek neighborhoods and about 35% above the statewide median. Gross rental yield is 3.2%, against 3.2% for Mill Creek neighborhoods and 4.0% statewide. Over the past 12 months, prices fell 1.1%. Transaction liquidity sits in line with the median for Mill Creek neighborhoods and above the statewide median.

Area	Median / Sq Ft	Gross Yield	Liquidity
Magnolia	$474/sqft	3.2%	45
Mill Creek	$474/sqft	3.2%	45
Washington	$352/sqft	4.0%	32

Unlock the Magnolia benchmark

Compare Magnolia against Mill Creek and Washington medians — free with a DistrictScore account.

Buying Property in the US as a Foreigner

Federal & Washington tax facts for non-resident buyers, plus the latest local market news.

Buying as a Foreigner

US Tax & Ownership

Applies to everyone7

Capital Gains (Federal)

Long-term capital gains taxed federally at 0/15/20%, plus a 3.8% Net Investment Income Tax on higher incomes (2026).

Property Tax

Property tax: ~0.74% average effective rate (statewide average; set and collected locally).

State Income Tax

No state income tax — rental income is not taxed at the state level.

State Capital Gains

No general income tax; the 7% capital gains tax exempts real estate.

Transfer Tax

Real estate transfer tax: REET graduated 1.1-3% (mansion-style).

Assessment Cap

No Proposition 13-style assessment cap; property is reassessed at market value.

Mansion Tax / Rent Control

Statewide rent control caps rent increases (HB 1217; 9.683% max for 2026); transfer tax is mansion-style.

US citizens & tax residents6

Primary-Home Exclusion

Selling your main home: exclude up to $250k of gain (single) / $500k (married) if you owned and lived there 2 of the last 5 years.

1031 Like-Kind Exchange

A 1031 like-kind exchange defers capital gains tax on investment property; 45 days to identify, 180 to close. Real estate only.

Depreciation Recapture

Residential rentals depreciate over 27.5 years; on sale, recaptured depreciation is taxed up to 25% (Section 1250).

Mortgage Interest Deduction

Mortgage interest is deductible on up to $750k of home debt. The SALT cap rose to $40,000 for 2025-2029 (reverts to $10k in 2030).

Opportunity Zones

Opportunity Zones are now permanent (2025): reinvested capital gains get deferral plus a basis step-up, and are tax-free after 10 years.

Rental Income (Resident)

Rental income is reported on Schedule E; passive-loss rules (Section 469) limit deducting rental losses against other income.

Foreign buyers (non-residents)5

FIRPTA (Foreign Sellers)

FIRPTA: the buyer withholds 15% of the gross sale price when a nonresident sells US property. It is an advance deposit, not the final tax.

Non-Resident Capital Gains

Nonresident sellers pay US capital gains tax (generally 15-20%) on the net gain via Form 1040-NR; FIRPTA withholding is credited.

Non-Resident Rental Tax

Nonresident rental income is taxed at 30% of gross by default, or on net income at graduated rates via a Section 871(d) election (W-8ECI).

Estate Tax (Non-Resident)

Nonresidents get only a $60,000 US estate-tax exemption (vs $13.99M for residents); US property above it is taxed up to 40%. Treaties may help.

ITIN Requirement

Nonresidents without an SSN need an ITIN (Form W-7) to file US tax returns, claim FIRPTA refunds, and report rental income.

Talk to a US real-estate tax advisor

FIRPTA, ITIN & Washington property-tax guidance for foreign buyers

Latest Mill Creek Real-Estate News

New Fed chairman may leave mortgage rates mostly unchanged

Guaranteed Rate • Jun 18, 2026

Household real estate wealth hits record $48.7 trillion

Eye On Housing • Jun 18, 2026

U.S. commercial property prices hit record as deal patterns shift

Altus Group • Jun 18, 2026

Magnolia Real Estate FAQ

Magnolia in Mill Creek, Washington has a gross yield of 3.2, so the income side is limited relative to higher-yield markets. Prices are in line with the city and 35% above the state median, the Red Flag score is 57, walkability is 93, and education is in the 87th percentile.

Neighborhoods near Magnolia

Compare Magnolia with nearby neighborhoods in Mill Creek.

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