Housing & Real Estate — Federal Way, Washington
Overview
| Total Housing Units | 38,251 |
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| Occupied | 36,396 |
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| Vacant | 1,855 |
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| Owner-Occupied | 20,262 |
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| Renter-Occupied | 16,134 |
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| Median Home Value (Census) | $552,800 |
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| Estimated 2026 | ~$593,000 |
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| Median Rent | $1,738/mo |
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| Median Property Tax | $4,706/yr |
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Affordability
| Home Price to Income Ratio | N/Ax |
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| Home Affordability | expensive |
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| Rent as % of Income | 24.0% |
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| Severely Rent-Burdened | 47.7% |
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Housing Age
| Built 2010 or later | 3,353 |
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| Built 2000-2009 | 3,581 |
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| Built 1990-1999 | 6,512 |
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| Built before 1960 | 1,982 |
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| Median Year Built | 1983 |
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Sources: Census ACS 5-Year 2023; Census ACS 5-Year 2023, B25077; HUD FMR FY2026.
