Federal Way, WA housing market
The typical Federal Way home is worth about $586,000, down 0.5% in a year, close to the Washington typical home. Homes typically sell in 10 days, close to asking.
Home values, sales, trends and how Federal Way compares with the towns next door — updated as new data is published.
Federal Way at a glance
A seller's market
Supply is tight — about 3.4 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | Federal Way | Washington |
|---|---|---|
| 2017 | $312,000 | $326,000 |
| 2018 | $348,000 | $362,000 |
| 2019 | $374,000 | $390,000 |
| 2020 | $396,000 | $413,000 |
| 2021 | $461,000 | $471,000 |
| 2022 | $542,000 | $554,000 |
| 2023 | $563,000 | $572,000 |
| 2024 | $577,000 | $582,000 |
| 2025 | $606,000 | $605,000 |
| 2026 | $596,000 | $601,000 |
| August 2026 | $586,000 | $592,000 |
Federal Way and its neighbors
| Town | Typical value | 1-yr change | Days on market | Median income |
|---|---|---|---|---|
| Federal Way | $586K | −0.5% | 10 | $86,909 |
| Lakeland South | — | — | 11 | $110,735 |
| Lakeland North | — | — | 17 | $105,216 |
| Des Moines | $598K | −0.5% | 6 | $92,483 |
| Milton | $565K | +0.1% | 11 | $96,540 |
| Auburn | $598K | −0.3% | 18 | $97,884 |
| Tacoma | $489K | +0.1% | 8 | $85,884 |
6.7 years of income
The typical Federal Way home costs about 6.7 years of the town's median household income, more than across Washington (6 years).
How Federal Way ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.