Latest available · Census ACS 5-Year (2024)
What Is the Median Home Value in Federal Way city, Washington?
City · Census ACS 5-Year estimates
The median home value in Federal Way city, Washington is $552,800 (±$13,668), based on Census ACS 5-Year estimates (2024). The median gross rent is $1,797/month, and the median household income is $86,909/year. Source: U.S. Census Bureau, American Community Survey, 2024 5-Year Estimates.
Housing Metrics for Federal Way city, Washington
| Metric | Value |
|---|---|
| Median Home Value | $552,800 |
| Median Gross Rent | $1,797 |
| Median Household Income | $86,909 |
| Total Housing Units | 35,717 |
| Renter-Occupied Units | 15,960 |
| Renter-Occupied Share | 45% |
How does Federal Way city, Washington compare?
Median home value ranked against all cities in Washington.
Higher home value than 67% of cities in Washington · 195th of 584
| # | City | Value |
|---|---|---|
| 1 | Beaux Arts Village town | $2,000,001 |
| 1 | Yarrow Point town | $2,000,001 |
| 1 | Mercer Island city | $2,000,001 |
| … 191 more … | ||
| 195 | Federal Way city(you are here) | $552,800 |
| … 386 more … | ||
| 582 | Queets CDP | $91,300 |
| 583 | Malden town | $49,500 |
| 584 | Orient CDP | $9,999 |
More data for Federal Way city, Washington
Frequently asked questions
What is the median home value in Federal Way city, Washington?
The median home value in Federal Way city, Washington is $552,800, based on Census ACS 5-Year estimates (2024). This is the self-reported estimated value homeowners believe their property would sell for. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the average rent in Federal Way city, Washington?
The median gross rent in Federal Way city, Washington is $1,797/month, based on Census ACS 5-Year estimates (2024).
What is the median household income in Federal Way city, Washington?
The median household income in Federal Way city, Washington is $86,909/year according to Census ACS 5-Year estimates (2024).
How reliable is Census ACS data for small areas?
The ACS 5-Year estimates combine 60 months of data for more reliable figures in smaller geographies. Each estimate has a margin of error (MOE). For example, the median home value of $552,800 has a margin of error of ±$13,668. In very small areas, MOEs can be large relative to the estimate.
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