Zip 98003 (Federal Way, WA) Housing

The housing median value in 98003 Federal Way, WA is $527,000, which is substantially higher than the national median housing value of $338,100. However, the 1 year house appreciation rate in 98003 Federal Way is 7.43%, slightly lower than the national rate at 8.27%. Therefore, those looking for a new home in the area can expect a small decrease in value in the coming year, but still an overall strong market for housing.

The median home cost in Federal Way (zip 98003) is $527,000. Home appreciation the last 10 years has been 167.2%. Home Appreciation in Federal Way (zip 98003) is up 14.8%.

Average Age of Homes

- The median age of Federal Way (zip 98003) real estate is 35 years old

The Rental Market in Federal Way (zip 98003)

- Renters make up 48.0% of the Federal Way (zip 98003) population
- 2.2% of houses and apartments in Federal Way (zip 98003), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Federal Way, Washington	United States
	19,809.0	139,647,020.0
	37	42
	$527,000	$338,100
	14.8%	16.6%
	61.9%	57.0%
	167.2%	101.1%
	$10.10	$10.98
	$3,467	$2,690
	45.3%	57.4%
	4.1%	11.2%
	50.5%	31.4%
Vacant Housing
	2.2%	1.9%
	0.6%	0.4%
	0.4%	0.7%
	0.1%	0.4%
	0.2%	3.6%
	0.6%	4.1%
Value of Owner-Occupied Housing
	3.3%	2.6%
	2.4%	2.4%
	1.9%	2.8%
	1.5%	3.9%
	1.8%	4.5%
	2.2%	11.3%
	9.4%	13.0%
	17.8%	20.1%
	22.1%	13.6%
	17.7%	8.3%
	14.7%	9.7%
	2.7%	3.9%
	1.3%	2.2%
	0.1%	0.8%
	0.9%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	5.6%	13.6%
	5.6%	13.6%
	20.5%	13.6%
	20.8%	13.2%
	21.0%	14.8%
	20.5%	13.6%
	3.4%	10.0%
	0.7%	4.7%
	0.7%	12.2%

Reviews for Federal Way

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Les · Federal Way, WA

Marine Hills Living

Over 16 years ago

Close to Seattle - Great Puget Sound and Mountain views - great access to outdoor activities ie. skiing, hiking, sailing, golf - professional and collegiate sporting More

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