Federal Way, WA Real Estate
According to census data in the year 2000 there were 32,589 housing units in Federal Way.
This represents a 16% growth from 28,087 in 1990.
Of those housing units, 32,589 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Federal Way is about 56.2%.
Federal Way's vacancy rate, including seasonal lodging, is about 3.4%.
Average household size is 2.63 people.
The majority of houses, apartments or condos in Federal Way were built after 1980.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 3.30% |
| One Bedroom | 16.50% |
| Two Bedrooms | 25.60% |
| Three Bedrooms | 34.80% |
| Four Bedrooms | 16.30% |
| Five Bedrooms or more | 3.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.74 |
| Median year structure was built | 1977 |
| Median Value of occupied units | $171,700 |
| Median Price asked for vacant units | $189,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.48 |
| Median year structure was built | 1983 |
| Median Monthly Rent asked for vacant units | $692 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.10% |
| Second Mortgage | 12.60% |
| Home Equity Loan | 9.60% |
| Simple Mortgage | 63% |
| Debt Free | 14.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 21.8% |
