Rental market snapshot for Federal Way, Washington
Federal Way, Washington Rental Property Market Overview
Federal Way, Washington is a city located in King County, Washington. According to the US Census, the population of Federal Way in 2021 is 99,037. It is the 8th largest city in the state of Washington and is located between Seattle and Tacoma. Federal Way is home to a variety of businesses, parks, and recreational activities. It is also home to the Weyerhaeuser King County Aquatic Center, which is the largest indoor swimming facility in the Pacific Northwest.
The average rent for an apartment in Federal Way is $2,644. The cost of rent varies depending on several factors, including location, size, and quality.
The average rent has decreased by 0.00% over the past year.
Last Updated March 25, 2024
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Average monthly rent graph in Federal Way Washington | Cost of Living
- The most expensive ZIP code in Federal Way is 98023 with an average price of $2,633.
- The cheapest ZIP code in Federal Way is 98003 with an average price of $2,380.
Federal Way ZIP codes with the highest, most expensive rent
| # | ZIP Code | Average Rent |
|---|---|---|
| 1 | 98023 | $2,633 |
| 2 | 98003 | $2,380 |
Live near Federal Way, Washington's Top Sights and Attractions
Celebration Park is a large outdoor recreational area located in the Pacific Northwest. It features a variety of activities for all ages, including a large playground, walking trails, picnic areas, and a lake with a beach. The park also has a large open grassy area perfect for sports and games, as well as a skate park and a disc golf course. There are also several pavilions available for rent, making it a great spot for birthday parties and other special events.
Steel Lake Park is a beautiful outdoor destination located in the Pacific Northwest. It features a large lake surrounded by lush green trees and grassy areas. Visitors can enjoy a variety of activities such as swimming, fishing, boating, and picnicking. The park also has a playground, walking trails, and a disc golf course. The park is a great spot for a family outing, a romantic date, or just a peaceful day of relaxation.
Saghalie Park is a beautiful waterfront park located on the Puget Sound. It features a stunning view of the Olympic Mountains and the Tacoma Narrows Bridge. The park has a variety of amenities, including a playground, picnic areas, a boat launch, and a fishing pier. There are also several trails for walking, running, and biking, as well as a beach for swimming. The park is a great place to spend a day outdoors, enjoying the scenery and the fresh air.
Olympic View Park is a scenic park located in the Pacific Northwest. It offers stunning views of the Olympic Mountains, as well as a variety of outdoor activities. Visitors can explore the park's trails, which wind through lush forests and meadows, or take a leisurely stroll along the waterfront. There are also picnic areas, playgrounds, and a disc golf course. The park is a great place to relax and enjoy nature, as well as take in the stunning views of the mountains.
Sacajawea Park is a large public park located in a wooded area near a lake. It features a variety of outdoor activities, including walking trails, picnic areas, playgrounds, and a boat launch. The park also has a large open field for sports and other activities, as well as a disc golf course. The park is home to a variety of wildlife, including birds, deer, and other animals. The park also has a large amphitheater, which hosts concerts and other events throughout the year.
Steel Lake Park & Family Funland is a family-friendly destination located in Federal Way, Washington. It features a variety of outdoor activities, including a large lake with a beach, a playground, a picnic area, and a walking trail. The park also has a mini-golf course, batting cages, and a go-kart track. There are also a variety of carnival-style games and rides, including a Ferris wheel, a carousel, and a roller coaster. The park also hosts special events throughout the year, such as concerts, festivals, and fireworks displays.
Laurelwood Park is a beautiful outdoor destination located in Federal Way, Washington. The park features a variety of recreational activities, including a playground, picnic areas, walking trails, and a large lake. The lake is stocked with fish and is a popular spot for fishing, canoeing, and kayaking. The park also has a large open field, perfect for playing sports or having a picnic. The park is surrounded by lush green trees, providing a peaceful and tranquil atmosphere.
French Lake Park is a beautiful park located in the Pacific Northwest. It features a large lake surrounded by lush green trees and grassy areas. Visitors can enjoy a variety of activities such as fishing, boating, swimming, and picnicking. There are also several trails for walking, biking, and jogging. The park also has a playground and a pavilion for events. The park is a great place to relax and enjoy nature.
Poverty Bay Park is a scenic waterfront park located on the shores of Puget Sound. It features a variety of recreational activities, including a playground, picnic areas, walking trails, and a fishing pier. The park also offers stunning views of the Olympic Mountains and the surrounding area. Visitors can enjoy a variety of wildlife, including bald eagles, seals, and otters. The park is a great place to relax and take in the beauty of the Puget Sound.
Lakota Park is a large public park located in Federal Way, Washington. It features a variety of outdoor activities, including a playground, walking trails, picnic areas, and a large open field. The park also has a basketball court, a baseball diamond, and a disc golf course. There is also a large pond with a dock, perfect for fishing or just enjoying the scenery. The park is well-maintained and offers plenty of parking. Visitors can also enjoy the beautiful views of the surrounding mountains and Puget Sound.
Federal Way, Washington area median rent change by ZIP code map
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How does Federal Way compare to other cities in Washington?
| city | median price |
|---|---|
| Federal Way | $2,676 |
| Oak Harbor | $1,800 |
| Bremerton | $1,795 |
| Pasco | $1,575 |
| Quincy | $1,500 |
| Kennewick | $1,450 |
| Shelton | $1,200 |
Average household income in Federal Way area graph - US Census
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The median household income in Federal Way in 2021 was $72,969. This represents a 26.7% change from 2011 when the median was $57,583.
| # | category | percent |
|---|---|---|
| 0 | Less than $10,000 | 4.9% |
| 1 | $10,000 to $14,999 | 3.5% |
| 2 | $15,000 to $19,999 | 2.8% |
| 3 | $20,000 to $24,999 | 3.7% |
| 4 | $25,000 to $29,999 | 4.1% |
| 5 | $30,000 to $34,999 | 3.0% |
| 6 | $35,000 to $39,999 | 4.4% |
| 7 | $40,000 to $44,999 | 4.1% |
| 8 | $45,000 to $49,999 | 3.6% |
| 9 | $50,000 to $59,999 | 8.3% |
| 10 | $60,000 to $74,999 | 11.5% |
| 11 | $75,000 to $99,999 | 13.5% |
| 12 | $100,000 to $124,999 | 10.1% |
| 13 | $125,000 to $149,999 | 7.6% |
| 14 | $150,000 to $199,999 | 8.0% |
| 15 | $200,000 or more | 6.9% |
Neighborhoods in Federal Way
We currently do not have this data but we are working to add this soon.
