Federal Way, WA — City Data, Demographics & Statistics
King County · Washington
City DNA
A unique fingerprint for Federal Way based on 8 key metrics — compared to averages.
Quick Stats
Population
99,232
2023 ACS
Median Income
$82,144
2023
Median Home Value
$499,600
2023
Median Rent
$1,738
2023
Median Age
37.6
Unemployment
5.9%
Cost of Living Index
154.3
100 = national avg
Federal Way is a city in King County, Washington, with a population of 99,232 according to the 2023 American Community Survey. Federal Way is one of the communities in Washington.
The median household income in Federal Way is $82,144, and the median home value is $499,600. The cost of living index is 154.3 (where 100 = national average), and the median rent is $1,738 per month. The unemployment rate is 5.9%, and the median age is 37.6 years.
People & Demographics
Source: U.S. Census Bureau ACS (2023)Population
Total Population
99,232
Male
49,805
50.2%
Female
49,427
49.8%
Median Age
37.6
Education & Household
Bachelor's or Higher
21.3%
High School or Higher
39.6%
Foreign Born
29.1%
Veterans
5.3%
Married
39.7%
Avg Household Size
2.7
Marital Status by Age
Race & Ethnicity
Diversity Index
0.728
Simpson's Index (0-1)
Largest Group
White
38.8%
Foreign Born
29.1%
Hispanic/Latino Ethnicity
Hispanic/Latino is an ethnicity, not a race. People of any race can identify as Hispanic. This percentage overlaps with the racial categories above.
Hispanic/Latino
19.0%
18,894 people
Not Hispanic/Latino
81.0%
Hispanic/Latino Detail
Source: U.S. Census Bureau ACS (2023)Asian Detail
Source: U.S. Census Bureau ACS (2023)Native Hawaiian & Pacific Islander Detail
Source: U.S. Census Bureau ACS (2023)American Indian & Alaska Native Detail
Source: U.S. Census Bureau ACS (2023)Languages Spoken
Total Speakers (5+)
92,541
English Only
60.6%
#1 Non-English Language
Spanish
13,472 speakers
Limited English
18.5%
Language Distribution
English Proficiency
Speaks English Very Well
81.5%
Limited English Proficiency
18.5%
Veterans & Military
Total Veterans
5,229
5.3% of population
Disability Rate
30.9%
1,613 with disability
Veteran Median Income
$53,116
Unemployment Rate
3.4%
Period of Service
Veteran Age Distribution
Male Veterans
4,542
86.9%
Female Veterans
687
13.1%
Veteran vs Non-Veteran Income
Veteran Income
$53,116
Non-Veteran Income
$41,549
Difference
$11,567
27.8% higher
Disability Status
With Disability
1,613
Without Disability
3,616
Disability Rate
30.9%
Ancestry & Heritage
Total Reporting Ancestry
51,817
#1 Ancestry
German
9.4% (9,344)
#2 Ancestry
English
6.8% (6,768)
#3 Ancestry
Sub-Saharan African
6.4% (6,340)
Top 20 Ancestries
Source: U.S. Census Bureau ACS (2023)Families & Households
Total Households
36,396
Family Households
24,153
66.4%
Married Couples
17,361
47.7%
Non-Family Households
12,243
33.6%
Single Mother Households
4,596
12.6%
Single Father Households
2,196
6.0%
Living Alone
9,439
25.9%
Children Under 18
Total Children
19,852
In Married Couple
14,349
72.3%
With Single Mother
4,019
20.2%
With Single Father
1,484
7.5%
Family Income
Median Family Income
$95,493
Married Couple Income
$109,486
Single Mother Income
$53,949
Single Father Income
$80,637
Avg Family Size
2.7
Avg Non-Family Size
2.6
Grandparents w/ Grandchildren
2,694
Grandparents Responsible
1,171
Economy
Source: U.S. Census Bureau ACS (2023)Income Overview
Median Household Income
$82,144
+12% vs national
Per Capita Income
$39,547
+6% vs national
Poverty Rate
12.7%
-7% vs national
Gini Index
0.4339
0 = perfect equality
Unemployment
5.9%
+13% vs national
SNAP Recipients
16.6%
of households
How Federal Way Compares
Federal Way vs Similar Cities
Compared to cities with 50,000 - 100,000 residents. Federal Way is highlighted.
Median Household Income
Federal Way, WA has a median household income of $82,144, making it the 8,317th highest median household income out of 28,123 cities in our database. This means that Federal Way has a higher median household income than 70% of all the cities we measured.
Per Capita Income
Federal Way, WA has a per capita income of $39,547, making it the 8,853rd highest per capita income out of 28,123 cities in our database. This means that Federal Way has a higher per capita income than 69% of all the cities we measured.
Poverty Rate
Federal Way, WA has a poverty rate of 12.7%, making it the 13,485th highest poverty rate out of 31,262 cities in our database. This means that Federal Way has a higher poverty rate than 57% of all the cities we measured.
Unemployment Rate
Federal Way, WA has a unemployment rate of 5.9%, making it the 9,458th highest unemployment rate out of 31,012 cities in our database. This means that Federal Way has a higher unemployment rate than 70% of all the cities we measured.
Where Do You Stack Up?
Enter your household income to see how you compare to other households in Federal Way. The median household income here is $82,144.
Income Distribution
Employment Snapshot
Unemployment Rate
5.9%
+11% vs WA avg
Labor Force
51,743
Employed
48,516
Mean Commute
28 min
How People Get to Work
Employment by Sector
Education & Workforce
Bachelor's Degree+
21.3%
of adults 25+
High School Diploma+
39.6%
of adults 25+
Median Age
37.6
Work from Home
12.5%
of workers
Top Occupations & Wages
Source: Bureau of Labor Statistics OEWS (2024)
Data represents the Seattle-Tacoma-Bellevue, WA metro area
Highest-Paying Job
Software Developers
Top Median Wage
$169.3K
per year
Occupations Tracked
20
Cost of Living
Overall Index
154.3
100 = national avg
+54.3 vs national average
Living Wage (1 Adult)
$67,891
per year
Living Wage (Family of 4)
$160,470
per year
Cost Index by Category
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD
1 Bedroom
$2,146
per month
2 Bedroom
$2,501
per month
The median household income in Federal Way, WA is $82,144, which is 12.2% above the national average of $73,224. Per capita income is $39,547. The poverty rate of 12.7% is higher than the WA state average of 10.4%. The Gini index of income inequality is 0.4339, where 0 represents perfect equality and 1 represents maximum inequality. The unemployment rate is 5.9%, compared to the state average of 5.3%. The labor force is 51,743. 21.3% of adults hold a bachelor's degree or higher. The average commute time is 28 minutes, with 12.5% working from home. About 68.0% of workers drive alone to work. The overall cost of living index is 154.3, which is 54.3% above the national average. Housing costs are above the national average at an index of 215.4. A single adult needs to earn approximately $67,891 per year to cover basic expenses.
Housing & Real Estate
Market SnapshotRedfin — January 2026
Median 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
Market CompetitivenessRedfin
Sold Above List
30.0%
Off Market in 2 Weeks
35.1%
Sale-to-List Ratio
98.7%
Buyer's market
Price TrendsRedfin
Market ActivityRedfin
Homes Sold
40
New Listings
61
Pending Sales
57
Price Per Square FootRedfin
Median Sale $/SF
$305
Median List $/SF
$318
Federal Way vs Similar CitiesCensus ACS / Redfin
Compared to cities with 50,000 - 100,000 residents. Federal Way is highlighted.
Median Home Value
Federal Way, WA has a median home value of $499,600, making it the 2,971st highest median home value out of 27,993 cities in our database. This means that Federal Way has a higher median home value than 89% of all the cities we measured.
Median Rent
Federal Way, WA has a median rent of $1,738, making it the 2,739th highest median rent out of 22,337 cities in our database. This means that Federal Way has a higher median rent than 88% of all the cities we measured.
Median Price Per Sq Ft
Federal Way, WA has a price per square foot of $305, making it the 3,482nd highest price per square foot out of 20,748 cities in our database. This means that Federal Way has a higher price per square foot than 83% of all the cities we measured.
Rent Burden
Federal Way, WA has a rent burden of 25.4%, making it the 3,179th highest rent burden out of 21,928 cities in our database. This means that Federal Way has a higher rent burden than 86% of all the cities we measured.
Census Housing DataU.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
Property TaxU.S. Census Bureau ACS 2023
Median Property Tax
$4,408
per year
Effective Tax Rate
0.88%
of home value
Median Home Value
$499,600
Estimated Mean Tax
$4,318
The effective property tax rate is calculated by dividing the median annual property tax ($4,408) by the median home value ($499,600). In Federal Way, WA, this works out to an effective rate of 0.88%. This is below the national average of approximately 1.1%.
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. Homeowners pay a median annual property tax of $4,408. The effective tax rate is 0.88%, below the national average.
Crime Overview
Source: FBI Crime Data Explorer (2024)Violent Crime Rate
5.45
per 1,000 residents
+110% vs national
Property Crime Rate
43.72
per 1,000 residents
+154% vs national
Total Crimes
4,752
2024
Violent Clearance
38%
cases solved
Property Clearance
9%
cases solved
YoY Change
-15.1%
violent crime rate
improving vs 2023
How Federal Way Compares
Source: FBI (2024)Federal Way vs Similar Cities
Source: FBI (2024)Compared to cities with 50,000 - 100,000 residents. Federal Way is highlighted in green.
Violent Crime Rate (per 1,000)
Property Crime Rate (per 1,000)
Murder Rate (per 1,000)
Crime Rate Trends
Source: FBICrime Composition
Source: FBI (2024)Violent Crime Breakdown
Property Crime Breakdown
Crime Clearance (Solve) Rates
Source: FBI (2024)Federal Way police solve 53% of aggravated assault cases but only 0% of motor vehicle theft cases.
Weapon Used in Violent Crime
Source: FBI (2024)Crime Breakdown
Source: FBI Crime Data Explorer (2024)| Crime Type | Category | Count | Rate per 1K | Clearance % |
|---|---|---|---|---|
| Murder | Violent | 5 | 0.05 | 40.0% |
| Rape | Violent | 50 | 0.52 | 20.0% |
| Robbery | Violent | 145 | 1.50 | 12.4% |
| Aggravated Assault | Violent | 327 | 3.38 | 52.6% |
| Burglary | Property | 554 | 5.73 | 3.1% |
| Larceny/Theft | Property | 2,566 | 26.55 | 14.5% |
| Motor Vehicle Theft | Property | 1,105 | 11.44 | 0.2% |
Federal Way, WA reported 527 violent crimes and 4,225 property crimes in 2024. The violent crime rate of 5.45 per 1,000 residents is 109.8% above the national average of 2.60 per 1,000. Law enforcement cleared 38% of violent crimes. Larceny/theft accounts for 2,566 of the property crime reports. Firearms were involved in 35.2% of aggravated assaults. Violent crime has been trending downward.
Crime History
Source: FBI| Year | Violent | Property | Violent Rate | Property Rate |
|---|---|---|---|---|
| 2024 | 527 | 4,225 | 5.45 | 43.72 |
| 2023 | 619 | 5,212 | 6.43 | 54.10 |
| 2022 | 536 | 5,109 | 5.52 | 52.62 |
| 2021 | 527 | 4,757 | 5.43 | 49.03 |
| 2020 | 383 | 4,541 | 3.95 | 46.78 |
| 2019 | 331 | 4,164 | 3.38 | 42.48 |
| 2018 | 458 | 4,488 | 4.68 | 45.91 |
| 2017 | 443 | 5,339 | 4.52 | 54.47 |
| 2016 | 457 | 6,022 | 4.74 | 62.51 |
| 2015 | 377 | 5,123 | 3.99 | 54.26 |
Natural Hazard Risk
Source: FEMA National Risk IndexRisk Score
99.7
Very High
Expected Annual Loss
99.7
Score (0-100)
Social Vulnerability
14.8
Score (0-100)
Community Resilience
87.4
Score (0-100)
Scores range from 0 (lowest risk) to 100 (highest risk) relative to all U.S. communities. Data from FEMA National Risk Index.
Disaster History & Federal Spending
Source: FEMATotal Declarations
34
Public Assistance
$817.0M
Individual Assistance
$5.8M
Most Common Type
Flood
16 declarations
Public Assistance by Category
Showing 20 of 38 disasters
PA = FEMA Public Assistance (infrastructure recovery). IA = Individual Assistance (homeowner/renter aid).
Flood Insurance (NFIP)
Source: FEMA NFIPTotal Claims
3,366
Total Claims Paid
$62,563,000
Avg Claim Payout
$18,587
County-level NFIP data from FEMA National Flood Insurance Program.
Hazard Mitigation
Source: FEMA Hazard Mitigation AssistanceMitigation Projects
120
Federal Funding
$55,125,859
Properties Protected
472
Avg Benefit-Cost Ratio
2.98
BCR
Top Mitigation Project Types
| Project Type | Projects | Federal $ |
|---|---|---|
| 205.6: Structural Retrofitting/Rehabilitating Public Structures - Seismic | 19 | $9,002,250 |
| 202.1: Elevation of Private Structures - Riverine | 17 | $8,436,476 |
| 200.1: Acquisition of Private Real Property (Structures and Land) - Riverine | 16 | $8,361,399 |
| 91.1: Local Multihazard Mitigation Plan | 13 | $1,086,823 |
| 205.4: Non Structural Retrofitting/Rehabilitating Public Structures - Seismic | 5 | $1,558,304 |
Federally funded projects to reduce future disaster risk. Only includes completed or obligated projects.
Federal Way has a very high overall natural hazard risk rating according to FEMA's National Risk Index. The top hazard risks are earthquake, avalanche, landslide. The area has had 34 federal disaster declarations. The most common disaster type is flood (16 declarations). 3,366 flood insurance claims have been filed in the area. FEMA has obligated $817,049,232 in public assistance recovery funding. $5,751,300 has been distributed in individual assistance to disaster-affected residents. 120 hazard mitigation projects have been funded to reduce future risk.
Health
Community Health
Source: CDC PLACES
Obesity Rate
27.0%
9.1pp below the national average
Depression Rate
24.4%
0.9pp above the national average
Diabetes Rate
9.9%
2.0pp below the national average
Uninsured Rate
10.7%
near the national average
Health Scorecard
Higher scores indicate better health outcomes relative to the national average (50 = average)
Health Outcomes
Age-adjusted prevalence rates. Green bars indicate rates below the national average; red indicates above.
High Cholesterol
35.6%
Arthritis
22.2%
Cancer (excl. skin)
6.5%
Teeth Lost (65+)
9.6%
Health Risk Behaviors
Prevention & Screening
Green bars indicate rates above the national average (more preventive care); red indicates below.
Mental Health & Wellbeing
Frequent Mental Distress
17.1%
14+ days in past month
Depression
24.4%
Loneliness
—
Lack of Support
—
Disability Prevalence
Any Disability
27.1%
Mobility
10.6%
Cognitive
14.4%
Hearing
5.5%
Vision
5.1%
Self-Care
3.7%
Independent Living
7.4%
Federal Way has an obesity rate of 27.0%, which is 9.1pp below the national average. The depression rate is 24.4%, 0.9pp above the national average. About 10.7% of adults lack health insurance. 70.3% of residents had an annual checkup in the past year.
Nearby Hospitals
Source: CMS Hospital Compare
Nearest Hospitals
5
With Emergency Services
4
Avg CMS Rating
2.8 / 5
Nearest Hospital
1.2 mi
St Francis Community Hospital
| Hospital | Distance | Type | Rating | ER |
|---|---|---|---|---|
| St Francis Community Hospital | 1.2 mi | Acute Care Hospitals | 3/5 | Yes |
| Multicare Auburn Medical Center | 3.4 mi | Acute Care Hospitals | 2/5 | Yes |
| St Joseph Medical Center | 7.8 mi | Acute Care Hospitals | 4/5 | Yes |
| Tacoma General Allenmore Hospital | 7.8 mi | Acute Care Hospitals | 2/5 | Yes |
| Wellfound Behavioral Health Hospital | 7.8 mi | Psychiatric | — | — |
Climate & Environment
Water Systems
Source: EPA SDWISWater Systems
1
Pop. Served
118,273
Violations (5yr)
0
No violations
| System Name | Pop. Served | Violations (5yr) |
|---|---|---|
| LAKEHAVEN WATER AND SEWER DISTRICT | 118,273 | 0 |
There are 1 water system serving the area.
Infrastructure
Commute Overview2023 ACS
Mean Commute
28 min
+21% vs national
Drive Alone
68.0%
-14% vs national
Public Transit
5.2%
+482% vs national
Work From Home
12.5%
+34% vs national
Carpool
11.3%
Walk / Bike
1.6%
combined
How Federal Way's Commute ComparesCensus ACS 2023
How People Get to WorkCensus ACS 2023
Commute Mode BreakdownCensus ACS 2023
Traffic Fatalities
Source: NHTSA FARS (2023)Fatalities
14
2023
6-Year Avg
10
fatalities/yr
Pedestrian
5
Cyclist
1
Nighttime
11
dark conditions
| Year | Crashes | Fatalities | Alcohol | Pedestrian | Cyclist |
|---|---|---|---|---|---|
| 2023 | 11 | 14 | 0 | 5 | 1 |
| 2022 | 13 | 13 | 0 | 1 | 0 |
| 2021 | 9 | 10 | 0 | 4 | 0 |
| 2020 | 7 | 7 | 1 | 3 | 0 |
| 2019 | 5 | 5 | 2 | 0 | 1 |
| 2018 | 8 | 9 | 4 | 1 | 1 |
Data from NHTSA Fatality Analysis Reporting System (FARS). Includes only crashes involving at least one fatality.
The average commute in Federal Way, WA is 28 minutes, which is 21.4% above the national average of 23 minutes. 68.0% of workers drive alone, compared to the national average of 78.7%. 12.5% work from home, which is below the WA state average of 12.7%. Public transit is used by 5.2% of commuters, compared to the national average of 0.9%. 11.3% of workers carpool. 1.5% walk to work. In 2023, there were 14 traffic fatalities from 11 fatal crashes. 5 were pedestrians.
Internet & Broadband Access
Source: Census ACSBroadband Access
93.5%
of households
Cable / Fiber / DSL
77.9%
of households
No Internet
5.0%
of households
Total Households
36,396
Internet Subscription Types
Device Ownership
Source: Census ACSHas Computer
96.7%
of households
Smartphone
92.7%
of households
Desktop / Laptop
83.1%
of households
Tablet
64.2%
of households
Percentage of households with each device type. Data from the U.S. Census Bureau ACS (2023 5-year estimates, tables B28001 & B28002).
Electricity Rates
Source: U.S. Energy Information Administration (2024)Residential Rate
11.9¢
per kWh
-35% vs 50,000 - 100,000 avg
Commercial Rate
10.0¢
per kWh
-32% vs 50,000 - 100,000 avg
Industrial Rate
6.6¢
per kWh
-40% vs 50,000 - 100,000 avg
Avg Monthly Bill
$114
residential
-22% vs 50,000 - 100,000 avg
30% below the national average of 17.1¢/kWh
Residential electricity in Washington averages 11.9¢ per kWh, compared to the national average of 17.1¢. The average monthly electric bill is $114. State-level averages from EIA Electric Sales & Revenue data (2024).
Federal Way vs Similar Cities
Source: EIA (2024)Comparing electricity rates with randomly selected cities of similar population (50,000 - 100,000). Each city represents its state's average rate.
Residential Rate (¢/kWh)
Commercial Rate (¢/kWh)
Industrial Rate (¢/kWh)
Average Monthly Bill
Water Systems
Source: EPA SDWISWater Systems
1
Population Served
118,273
Violations (5yr)
0
| System Name | Type | Source | Pop. Served | Violations |
|---|---|---|---|---|
| LAKEHAVEN WATER AND SEWER DISTRICT | Community | Purchased surface water | 118,273 | 0 |
93.5% of households in Federal Way have broadband internet access. 77.9% have cable, fiber, or DSL service. 13.7% rely solely on cellular data without a wired connection. 5.0% of households have no internet access. 8.5% use only a smartphone without a desktop or laptop. The area is served by 1 water system, providing water to 118,273 people. No water quality violations have been reported in the past 5 years.
Politics & Government
County-level data: Election results are reported at the county level. Federal Way is located in King County, WA. Results reflect all voters in the county, not just those in Federal Way.
Election Overview
Source: King County (2024)2024 Winner
Democrat
Dem Votes
832,606
74.2%
GOP Votes
252,193
22.5%
Total Votes
1,122,881
Margin
D+51.7%
Shift from 2020
R+1.0pp
vs prior election
Election History
Source: County-Level Election Results| Year | Dem Votes | GOP Votes | Total | Dem % | GOP % | Margin |
|---|---|---|---|---|---|---|
| 2024 | 832,606 | 252,193 | 1,122,881 | 74.2% | 22.5% | D+51.7 |
| 2020 | 907,310 | 269,167 | 1,210,507 | 75.0% | 22.2% | D+52.7 |
| 2016 | 657,149 | 197,781 | 910,823 | 72.2% | 21.7% | D+50.4 |
In the 2024 presidential election, King County recorded 1,122,881 total votes. Democrats won the county with 74.2% of the vote compared to 22.5% for Republicans, a margin of D+51.7%. Compared to 2020, the margin shifted R+1.0pp from the previous election. Since 2016, King County has shifted 1.2 percentage points toward Democrats.
Public Records Request
Source: federalway.justfoia.comSubmit a public records request to Federal Way — Uses JustFOIA portal.
Source: federalway.justfoia.com
Nonprofits Overview
Source: IRS Exempt Organizations BMFTotal Nonprofits
433
Total Assets
$725.2M
Total Income
$2.4B
Per 10K Residents
43.6
nonprofits
-24.5% vs peers avg
Orgs with >$1M Assets
25
Median Assets
$170K
Oldest Active
1941
ruling year
Newest Org
2026
ruling year
Nonprofits by Category
Source: IRS / NTEE ClassificationTop 10 hold $681.4M of $725.2M total
Nonprofit Size Distribution
Source: IRS Exempt Organizations BMFNumber of nonprofits by total asset size
When Were Nonprofits Founded?
Source: IRS Ruling DateNumber of currently active nonprofits by founding decade
Nonprofits per 10K Residents vs Similar Cities
Source: IRS BMF + Census ACSCompared to cities with population 50,000 - 100,000
Largest Nonprofits in Federal Way
Source: IRS Exempt Organizations BMFFederal Way, WA has 433 registered 501(c)(3) nonprofit organizations with combined assets of $725.2M. The most common category is Religion-Related, with 79 organizations. 25 nonprofits have assets exceeding $1 million. That works out to 43.6 nonprofits per 10,000 residents. The oldest active nonprofit dates back to 1941.
SBA Lending Overview
Source: SBA FOIA Loan-Level DataTotal SBA Loans
768
Total Approved
$299.6M
Jobs Supported
4,828
Per 10K Residents
77.4
SBA loans
-0.2% vs peers avg
Unique Lenders
98
Top Lender
Bank of America, National Association
92 loans
Top Industry
Accommodation & Food Services
Data Span
1992–2026
Loan Program Breakdown
Source: SBA FOIALoans
720
Total Amount
$251.2M
Avg Loan
$348,882
Median Loan
$119,750
SBA Guaranteed
$189.3M(75%)
Jobs Supported
4,461
Loans
48
Total Amount
$48.4M
Avg Loan
$1,008,208
Median Loan
$631,500
Recent Activity (Last 5 Years)
Source: SBA FOIARecent Loans
154
20% of all-time total
Recent Amount
$74.8M
25% of all-time total
Avg Recent Loan
$485,769
Top Industries Funded
Source: SBA FOIA / NAICS CodesSBA Loans per 10K Residents vs Similar Cities
Source: SBA FOIA + Census ACSCompared to cities with population 50,000 - 100,000
Top SBA Borrowers
Source: SBA FOIA| Business | Loans | Amount |
|---|---|---|
| Neumeier Engineering, Inc. | 1 | $5.5M |
| Bum Corp | 2 | $5.3M |
| Emerald City Spa Inc. | 1 | $5.0M |
| Tara Ii Llc | 1 | $4.7M |
| Richard and Partner, Llc | 1 | $4.7M |
| Red Lion Inn - Federal Way | 2 | $4.7M |
| Drc International Inc. | 4 | $4.1M |
| Med-co L.l.c. | 1 | $3.9M |
| Myong Suyang | 1 | $3.8M |
| Swz Hospitality Inc | 1 | $3.6M |
Federal Way, WA has received 768 SBA loans totaling $299.6M in approved funding between 1992 and 2026. The 7(a) program accounts for 720 loans (94% of the total), supporting 4,461 jobs. The 504 program, focused on real estate and large equipment, has funded 48 loans totaling $48.4M. The most common industry receiving SBA funding is Accommodation & Food Services. The most active SBA lender in Federal Way is Bank of America, National Association with 92 loans. That works out to 77.4 SBA loans per 10,000 residents.
ZIP Code Overview
Source: Census ACSZIP Codes
32
Total Population
702,781
Avg Median Income
-$62,416,787
Avg Home Value
-$62,028,556
ZIP Code Details
Source: Census ACS| ZIP Code | Population | Median Income | Home Value | Median Rent | Area (sq mi) |
|---|---|---|---|---|---|
| 98001 | 36,041 | $107,218 | $538,800 | $1,927 | 18.6 |
| 98002 | 37,284 | $77,714 | $397,700 | $1,613 | 7.2 |
| 98003 | 52,210 | $70,800 | $428,500 | $1,650 | 11.5 |
| 98023 | 49,593 | $101,960 | $545,600 | $1,875 | 10.3 |
| 98030 | 38,492 | $91,218 | $540,100 | $1,797 | 7.2 |
| 98031 | 40,898 | $101,458 | $552,300 | $1,956 | 7.7 |
| 98032 | 40,150 | $77,413 | $473,000 | $1,782 | 17.1 |
| 98047 | 6,900 | $102,723 | $431,300 | $1,728 | 2.1 |
| 98070 | 10,424 | $115,750 | $717,700 | $1,444 | 37.0 |
| 98148 | 10,399 | $86,994 | $576,400 | $1,837 | 2.7 |
| 98158 | 0 | N/A | N/A | N/A | 2.2 |
| 98166 | 22,001 | $112,191 | $785,700 | $1,739 | 5.8 |
| 98188 | 26,769 | $76,559 | $452,900 | $1,641 | 8.1 |
| 98198 | 39,815 | $83,938 | $527,100 | $1,770 | 7.7 |
| 98354 | 8,432 | $90,361 | $510,900 | $2,010 | 2.8 |
| 98371 | 23,989 | $97,290 | $515,500 | $1,654 | 11.8 |
| 98372 | 26,662 | $100,316 | $570,100 | $1,745 | 13.3 |
| 98390 | 11,497 | $97,815 | $471,500 | $1,886 | 9.2 |
| 98402 | 7,500 | $54,712 | $558,100 | $1,478 | 1.2 |
| 98403 | 8,586 | $86,179 | $737,100 | $1,414 | 1.0 |
| 98404 | 35,829 | $79,562 | $387,300 | $1,440 | 7.1 |
| 98405 | 25,306 | $80,024 | $443,800 | $1,480 | 4.1 |
| 98406 | 23,642 | $104,761 | $594,100 | $1,677 | 4.2 |
| 98407 | 21,210 | $108,905 | $613,000 | $1,847 | 5.4 |
| 98408 | 20,469 | $78,855 | $379,400 | $1,610 | 3.4 |
| 98409 | 27,298 | $71,649 | $363,000 | $1,579 | 7.1 |
| 98416 | 877 | N/A | N/A | N/A | 0.1 |
| 98418 | 10,475 | $79,413 | $385,300 | $1,512 | 1.7 |
| 98421 | 249 | N/A | N/A | $1,273 | 6.5 |
| 98422 | 22,126 | $115,989 | $614,300 | $2,104 | 7.0 |
| 98424 | 11,871 | $93,633 | $497,400 | $1,836 | 6.3 |
| 98443 | 5,787 | $117,423 | $478,300 | $1,768 | 5.4 |
Federal Way, WA has 32 ZIP codes with a combined population of 702,781. The average median household income across all ZIP codes is -$62,416,787. The average median home value is -$62,028,556. The average median monthly rent is -$41,665,071.
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