Federal Way, WA Real Estate
Federal Way is a city in King County, Washington with a population of about 99,232. The median home value is near $499,600, and median rent runs around $1,738/mo.
Market + demographic figures: U.S. Census ACS (2023 5-year). Geocoding: OpenStreetMap.
Median Home Value
$499,600
Median Rent
$1,738/mo
Population
99,232
Median Income
$82,144
Median Age
37.6
Homeownership
55.7%
Monthly payment on a median Federal Way home
Example for a $499,600 home: 20% down, 30-yr at ~6.75%, WA property tax ~0.84%, 0.4% insurance.
Est. monthly (PITI)
$3,109
Principal & interest
$2,592
Property tax / mo
$350
Down payment (20%)
$99,920
Federal Way at a glance
- 21.1% of residents 25+ hold a bachelor's degree or higher.
- 55.7% of occupied homes are owner-occupied.
- Median household income is $82,144.
- Always verify the assigned school district, flood zone, and HOA for a specific address before signing.
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