All Countries
Federal Way, WA
Full City Profile · Washington · Pierce County County
3.0
/5.0
B
Good
99,232
Population
4,446/sq mi density
$82,144
Median Income
$39,547 per capita
$499,600
Home Value
$591,074 Zillow
$1,738
Median Rent
33.7% income on rent
52°F
Avg Temperature
249 sunny days/yr
337
Violent Crime/100K
4,248 property/100K
B
Overall
3.0 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.1 / 5.0
$82,144 median income, 3.8% unemployment
B
Affordability
3.2 / 5.0
$499,600 home value, $1,738/mo rent
F
Safety
1.0 / 5.0
337 violent crimes/100K
B
Education
3.5 / 5.0
31.1% bachelor's degree or higher
Housing Overview
Median Home Value
$499,600
77% above
US avg: $281,900
Median Rent
$1,738/mo
49% above
US avg: $1,163/mo
Homeownership Rate
55.7%
15% below US avg (65.4%)
Total Housing Units
38,254
Median year built: 1983
Home Value by Source
Census Median
$499,600
Zillow (ZHVI)
$591,074
Median Sale Price
$591,250
Median List Price
$627,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
55.7%
Owner-Occupied
44.3%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,082/mo
1 Bedroom
$1,180/mo
2 Bedroom
$1,472/mo
3 Bedroom
$2,003/mo
4 Bedroom
$2,351/mo
Census median rent:
$1,738/mo
· Zillow rent:
$1,872/mo
Market Indicators (Redfin)
Median Days on Market
26 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
56
Price Drops
26.3%
of listings with price reduction
Price Per Sq Ft
$307
Active Inventory
99
homes for sale
Affordability & Housing Stock
Rent Burden
33.7%
of renters spending 30%+ of income on housing
9% above US avg (31.0%)
Median Year Built
1983
Average age of housing stock: 43 years
Homeownership Rate
55.7%
Complete Housing Data
Home Values
| Census Median Value | $499,600 |
| Zillow Home Value (ZHVI) | $591,074 |
| Median Sale Price | $591,250 |
| Median List Price | $627,000 |
| Price Per Sq Ft | $307 |
Rent
| Census Median Rent | $1,738 |
| Zillow Rent (ZORI) | $1,872 |
| FMR Studio | $1,082 |
| FMR 1-Bedroom | $1,180 |
| FMR 2-Bedroom | $1,472 |
| FMR 3-Bedroom | $2,003 |
| FMR 4-Bedroom | $2,351 |
Market
| Days on Market | 26 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 26.3% |
| Homes Sold | 56 |
| Active Inventory | 99 |
| Price Per Sq Ft | $307 |
Ownership & Stock
| Owner-Occupied | 55.7% |
| Renter-Occupied | 44.3% |
| Homeownership Rate | 55.7% |
| Total Housing Units | 38,254 |
| Median Year Built | 1983 |
| Rent Burden | 33.7% |