Housing in Federal Way, WA
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$609,997
Median List Price
$599,950
Price Per Sq Ft
$305
Days on Market
61
Active Inventory
91
Months of Supply
2.3
Seller's market
Zillow Home Value
$582,067
ZHVI — January 2026
Zillow Rent Index
$1,851
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
30.0%
Off Market in 2 Weeks
35.1%
Sale-to-List Ratio
98.7%
Buyer's market
Market Activity
Source: RedfinHomes Sold
40
New Listings
61
Pending Sales
57
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$305
Median List $/SF
$318
Federal Way vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 50,000 - 100,000 residents. Federal Way is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$499,600
Median Rent
$1,738
Total Housing Units
38,251
Vacancy Rate
4.8%
Owner Occupied
55.7%
Renter Occupied
44.3%
Median Property Tax
$4,408
per year
Monthly Cost (w/ Mortgage)
$1,819
Housing Types
The current median sale price in Federal Way, WA is $609,997 according to Redfin data. Homes spend a median of 61 days on the market. 30.0% of homes sold above asking price. The market has 2.3 months of supply. The median price per square foot is $305. Zillow's observed rent index is $1,851/month. About 55.7% of housing units are owner-occupied. The median year homes were built is 1984. There are 38,251 total housing units.