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.


Housing Size

Housing Units by Size
Studio Type3.30%
One Bedroom16.50%
Two Bedrooms25.60%
Three Bedrooms34.80%
Four Bedrooms16.30%
Five Bedrooms or more3.60%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.74
Median year structure was built1977
Median Value of occupied units$171,700
Median Price asked for vacant units$189,800

Rented Homes, Apartments and Condos

Average Household Size2.48
Median year structure was built1983
Median Monthly Rent asked for vacant units$692

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.10%
Second Mortgage12.60%
Home Equity Loan9.60%
Simple Mortgage63%
Debt Free14.70%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs21.8%