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Federal Way

Federal Way

Located in King County

$631,689 Average Value
$338 Average Price per Sq Ft
127 Homes For Sale

Surrounded by metropolitan amenities and nature views

Federal Way is one of the Pacific Northwest's best-kept secrets, primarily known for its proximity to urban centers less than 25 miles from Seattle and Tacoma. With a population of about 100,000, the city also features diverse markets, abundant restaurants and unconventional attractions. With Cascadian beaches, botanical gardens and roller coasters, nearly 1 million tourists visit Federal Way each year. "There's a lot going on in Federal Way," says Danny Fung, a lifelong resident of Washington and Realtor at John L Scott Real Estate. "There are major shopping areas and transit options here. Homes are still affordable, and brand-new communities are being built."

Rhododendron Species Botanical Garden in Federal Way has Pop-up Plant Vender Weekends.
Rhododendron Species Botanical Garden in Federal Way has Pop-up Plant Vender Weekends.
Homes in Federal Way Overlooking Puget Sound in WA.
Homes in Federal Way Overlooking Puget Sound in WA.
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Notable neighborhoods and employment industries

The neighborhoods with the highest market value are on the city's west side. The Marine Hills neighborhood has impressive homes with views of the Puget Sound, while other areas, like Twin Lakes, have lakeside communities convenient to Dash Point State Park. Common architectural styles include midcentury modern, contemporary and traditional homes. The median single-family price in Federal Way is $643,750. In some neighborhoods, massive waterfront homes have five-bedroom layouts, while many three-bedroom homes on quarter-acre lots hover around the $400,000s. Townhouses are also available, and the median price is $351,500. Condos cost between $200,000 and $700,000, while manufactured homes range from $50,000 to $850,000, depending on size and proximity to the waterfront. Listings only spend about 28 days on the market before selling, compared to the national average of 44 days.

Healthcare is the area's largest industry, employing about 6,700 people at St. Francis Hospital, MultiCare Tacoma General Emergency and other medical offices throughout town. Other significant employers include Federal Way Public Schools, World Vision Inc. and the Wild Waves Theme and Water Park. Many residents living in Federal Way also work in technology jobs in the surrounding cities, which comprise about 37% of King County's job market.

Classic Craftsman architecture in a quiet neighborhood.
Classic Craftsman architecture in a quiet neighborhood.
St. Francis Hospital is a prominent medical center in the area.
St. Francis Hospital is a prominent medical center in the area.
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Beaches, green spaces and attractions

Federal Way features 32 parks that comprise over 1,000 acres of recreational space. Dash Point State Park is a 400-acre area with a sandy beach for swimming, kayaking or skimboarding. Another area is Steel Lake Park, which has a public beach with picnic areas, a boat launch and a volleyball court. For athletic facilities, Celebration Park provides baseball fields, soccer fields and access to the BPA trail, an urban greenway stretching nearly 4 miles. Families can head to Town Square Park, which has a splash pad and modern playground equipment on a turf surface. The King County Aquatic Center is a prestigious facility hosting Olympic trials and swimming national championships. Federal Way also has unique attractions. The Pacific Bonsai Museum is an outdoor gallery of over 50 Bonsai trees worldwide. The Rhododendron Species Botanical Garden is the world's most extensive collection of rhododendron plants, with trails bordered by colorful native flora. The Wild Waves Theme and Water Park has thrilling roller coaster rides and a waterpark with a wave pool.

Rhododendron Species Botanical Garden in Federal Way has Pop-up Plant Vender Weekends.
Rhododendron Species Botanical Garden in Federal Way has Pop-up Plant Vender Weekends.
Steel Lake Park in Federal Way brings residents closer to the water.
Steel Lake Park in Federal Way brings residents closer to the water.
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Known for its restaurants and markets

Federal Way is known for its wide-ranging cuisines, featuring Korean, Japanese, Thai and American restaurants like Jimmy Mac's Roadhouse, which has won several awards for the city's best steakhouse and barbecue restaurant. Swagg-n-Wagon Wings & Things is a food truck that won the 2024 Taste of Federal Way award for its fried chicken sandwiches. The Commons at Federal Way is a regional shopping mall with over 100 stores, including restaurants, boutiques, box stores and a Century movie theater. There are popular Korean and Mexican supermarkets in the city center, and Safeway has multiple locations throughout the city. While referencing H Mart, Fung says there's a lot of diversity in this area. For farm-to-table options, the Federal Way Farmers Market provides fresh produce, baked goods and crafts in the city center on Saturday mornings.

Jimmy Mac's Roadhouse has won awards as the city's best steakhouse and barbecue restaurant.
Jimmy Mac's Roadhouse has won awards as the city's best steakhouse and barbecue restaurant.
The Commons at Federal Way is a regional shopping mall with over 100 stores.
The Commons at Federal Way is a regional shopping mall with over 100 stores.
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Getting around Federal Way

Federal Way is located along Interstate 5 and state Route 99, offering easy access to major cities. Downtown Seattle is about 23 miles north of Federal Way on I-5, while Tacoma is roughly 13 miles south. The Federal Way Transit Center provides services through three bus systems: King County Metro, Pierce Transit and Sound Transit. Federal Way is about 9 miles south of the Seattle–Tacoma International Airport for regional and international travel. The Federal Way Link Extension is under construction with an addition to the Sound Transit light rail system. The project will include two new stations in Star Lake and Downtown Federal Way, with an expected completion date of 2026. "Home values will go up in some locations with access to the light rail, but people aren't fond of it in other areas," says Pauline Clarke Jones, Real Estate Broker at Skyline Properties, Inc. with over 15 years of experience. "With easy access comes more income-subsidized housing, but a lot of people will find it beneficial because they will be able to get downtown from our transit center."

The Federal Way Transit Center provides bus services to Downtown Seattle.
The Federal Way Transit Center provides bus services to Downtown Seattle.
Federal Way is about 9 miles south of the Seattle–Tacoma International Airport.
Federal Way is about 9 miles south of the Seattle–Tacoma International Airport.
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Federal Way Public Schools - diverse and STEM-focused

The Federal Way Public Schools district serves over 21,000 students across the city. The district earns a B-minus overall grade from Niche, which ranks it as the state's second most diverse school district. Schools are known for their STEM-oriented education. Private school options are also available, like Pacific Christian Academy, which Niche ranks as the second-best Christian high school in the state.

Crime data and mild year-round temperatures

Federal Way experiences a lower crime rate than many surrounding cities, including Seattle, Tacoma and Olympia. Crime rates are also in decline. In 2023, the violent crime rate fell from 377 to 364 per 100,000 people. The property crime rate is about 1,954 per 100,000 people. Neighborhoods on the west side of town tend to experience less crime.

This city also experiences mild temperatures in all seasons. With warm summers, most days hover around the low 70s, and cool winter days are in the 40s. Federal Way also receives over 40 inches of rainfall yearly, about 10 inches above the national average.

Jackson Hardy
Written By
Jackson Hardy
Perry Cucinotta
Photography Contributed By
Perry Cucinotta
Anne Sheridan
Video By
Anne Sheridan

Interested in learning more about homes in this area? Reach out to Katrina Eileen Romatowski, an experienced agent in this area.

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Federal Way Housing Trends

Housing Trends

Median List Price
$625,000
Median Sale Price
$600,000
Median Single Family Sale Price
$650,000
Median Townhouse Sale Price
$346,500
Median 2 Bedroom Sale Price
$299,000
Median Change From 1st List Price
0%
Last 12 months Home Sales
771
Median Home Sale Price YoY Change
2%
Average Price Per Sq Ft
$338

Area Facts

Number of Homes
21,141
Number of Homes for Sale
127
Median Year Built
1979
Months of Supply
2.00
Average Single Family Home Size Sq Ft
2,019
On par with the national average
1,929
Average Townhouse Size Sq Ft
1,244
Average 2 Bedroom Size Sq Ft
952
Average 1 Bedroom Size Sq Ft
682
Average Studio Size Sq Ft
500
Median Lot Size Sq Ft
8,276

Open Houses

  • Saturday, Nov 1
    Open Sat 12PM - 3PM

    29419 4th Ave S, Federal Way, WA 98003

    $765,000

    • 4 Beds
    • 3 Baths
    • 2,710 Sq Ft
    • 29419 4th Ave S
    • New 1 day ago

    Meticulously maintained, fully-finished 2,760sf split-level home on .39acres overlooking the forested hillside of S Redondo w/seasonal views of the Puget Sound & Olympic Mtns. Hide away in your private, park-like cul-de-sac setting or enjoy the nearby Redondo Boardwalk w/scuba divers, beachcombers & kayakers. Welcome in to high vaulted ceilings, large picture windows, a spacious fireside

    Agent Photo
    Kathryn Kleber
    Keller Williams Realty PS
    (206) 539-0142
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  • Saturday, Nov 1
    Open Sat 11AM - 1PM

    3071 S 276th Ct, Auburn, WA 98001

    $824,000

    • 4 Beds
    • 2.5 Baths
    • 2,680 Sq Ft
    • 3071 S 276th Ct

    Enjoy the best of both worlds—peaceful lakeside living with unbeatable access to I-5, 167, and the future Star Lake Light Rail station just under a mile away! Nestled in a quiet waterfront community, this 2018-built 4-bed + bonus room home offers a bright, open-concept layout with a stunning 10-ft island, quartz counters, SS appliances, walk-in pantry, and cozy gas fireplace. Upstairs, the

    Agent Photo
    Ian Gettis
    Windermere RE North, Inc.
    (253) 518-3471
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  • Saturday, Nov 1
    Open Sat 12:30PM - 2PM

    2431 S 371st St Unit 20, Federal Way, WA 98003

    $195,000

    • 3 Beds
    • 2 Baths
    • 1,344 Sq Ft
    • 2431 S 371st St
    • Unit 20

    Welcome to Killarney Woods, a highly desirable all-ages community! This well-maintained and move-in ready 3 bedroom, 2 bath home offers a spacious and functional layout, ideal for comfortable living and entertaining. The generous primary suite includes a full private bath and ample space for relaxation. Situated on a premium corner lot, the exterior features a large deck, perfect for outdoor

    Agent Photo
    Alejandra Calderon
    RSVP Brokers ERA
    (206) 759-8286
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Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Neighborhoods in Federal Way

Property Mix - Square Feet

Weather

Annual Precipitation
39''
Average Winter Low Temperature
37°F
Average Summer High Temperature
77°F
Annual Snowfall
6''

Area Factors

Somewhat Bikeable

Bike Score®®

32 / 100

Car-Dependent

Walk Score®®

22 / 100

Some Transit

Transit Score®®

31 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Federal Way