Federal Way, WA real estate
Buying or selling a home, condo, or piece of land in Federal Way? Here is what the city's housing actually looks like, and how to reach Isaac Ortiz about it.
Federal Way housing snapshot
| Population | 99,232 | |
|---|---|---|
| Median home value | $499,600 | Owner-reported |
| Median household income | $82,144 | |
| Detached houses | 48.7% | Share of all housing units |
| Townhomes / attached | 3.4% | |
| In buildings of 2+ units | 43.9% | Condos and apartments alike |
| Manufactured homes | 4% | |
| Owner-occupied | 55.7% | |
| Median year built | 1984 | |
| Vacancy rate | 4.8% |
Source: U.S. Census Bureau, American Community Survey 5-Year Estimates (2019–2023). Tables B25077, B01003, B25003, B25024, B25035, B19013, B25002. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
What the numbers mean for a buyer or seller
The median owner-reported home value in Federal Way is $499,600.
That is 38% below the King County median of $811,200. Median household income is $82,144, 33% below the county's $122,148.
Federal Way's housing is genuinely mixed - 48.7% detached houses, 43.9% in multi-unit buildings, and 3.4% attached single-family such as townhomes. Both house and attached-home stock exist here in real numbers.
55.7% of occupied homes are owner-occupied - a fairly even ownership-to-rental split.
Half of Federal Way's homes were built in 1984 or earlier, putting half the stock in the 1980s-90s era or before.
Federal Way is 99,232 people, with enough turnover that recent comparable sales are rarely the constraint. Vacancy sits at 4.8%.
Selling in Federal Way
Federal Way runs close to an even split - 55.7% of occupied homes are owner-occupied - so your buyer could as easily be a family moving in as someone buying to rent it out. Pricing and presentation have to work for both.
For pricing context, the midpoint of Federal Way homes is $499,600, and the area sits about 4.8 miles off the Seattle-Bellevue-Tacoma spine - usually the first thing a buyer's agent checks when they push back on a list price.
A large share of Federal Way's housing is in multi-unit buildings, so if you are selling a condo the comparison set is genuinely different from a detached house and should be priced against the right one.
Isaac will tell you what your home is actually likely to bring in Federal Way and what, if anything, is worth doing first. If the honest answer is that this is not your year to sell, he will say that too.
Talk to Isaac Ortiz about Federal Way
Isaac Ortiz is a licensed real estate broker with Compass, working King County and the surrounding Puget Sound area. Se habla español. Send a note and he will reply personally.
Email Isaac.Ortiz@nwret.com.