Federal Way, WA—98003
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$546,000
1.1% YoY Growth
Household Income
$70,800
23.8% YoY Growth
Days on Market
74
23.0% Longer YoY
Home Price Forecast
0.3%
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 Dec '25, the median home price in Federal Way, WA is $546,000, with a year-over-year change of -1.1%. This indicates that home prices in Federal Way, WA are decreasing. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $546,000 | -1.1% |
| Single Family | $598,000 | -1.5% |
| Condos | $271,000 | -5.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |