Federal Way, WA—98003
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$567,000
0.4% YoY Growth
Household Income
$70,800
23.8% YoY Growth
Days on Market
31
12.0% Shorter YoY
Home Price Forecast
-1.5%
Median Rent
$1,690
10.2% YoY Growth
1-Bed Rent
$1,500
2.8% YoY Growth
2-Bed Rent
$1,800
0.5% YoY Growth
3-Bed Rent
$2,700
0.7% YoY Growth
Other Zip Codes in Federal Way, WA
Home Price Trends — Federal Way, WA
As of May '26, the median home price in Federal Way, WA is $567,000, with a year-over-year change of -0.4%. This indicates that home prices in Federal Way, WA are flat. According to Zillow, the 1-year price projection is -1.5%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $567,000 | -0.4% |
| Single Family | $621,000 | -0.5% |
| Condos | $275,000 | -5.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |