Federal Way, Washington
A growing community with affordable homes, great parks, and easy access to both Seattle and Tacoma.
$601,000
Typical Home Value
-1.0%
Year-over-Year
102,000+
Population
Zillow Home Value Index, June 2026. Population: US Census.
Why Live in Federal Way
Discover what makes Federal Way a great place to call home
Easy Commute
I-5 access and future light rail expansion
Natural Beauty
Dash Point State Park and waterfront access
The Commons
Major shopping center with dining options
Good Schools
Federal Way Public Schools district
Schools in Federal Way
Federal Way Public Schools serves the community
Local Amenities
Entertainment, nature, and shopping in Federal Way
Dash Point State Park
Beach and hiking trails
The Commons
Shopping and dining
Wild Waves Theme Park
Family entertainment
Steel Lake Park
Swimming and fishing
Celebration Park
Sports facilities
Performing Arts Center
Cultural events
What to know about Federal Way
Getting around
The Federal Way Link Extension opened in 2024, putting light rail at the Federal Way Transit Center. I-5 and SR 18 handle the rest.
Housing stock
A broad mix: 1970s and 1980s subdivisions, apartments and condos near the transit center, and waterfront homes toward Dash Point.
Who Federal Way suits
One of the best value propositions in King County now that light rail has arrived. Property near the station has already repriced, so move earlier rather than later there.
Around Federal Way
- Dash Point State Park
- Rhododendron Species Botanical Garden
- The Commons
- Wild Waves Theme Park
- Federal Way Transit Center
The Federal Way market right now
Federal Way has a typical home value of $601,000. That runs about 28% below the $834,000 median across the King County cities we serve. Against all 50 cities we cover, it sits roughly 16% below the $715,500 midpoint, which is where most of our first-time buyers start.
Values are essentially flat, off 1.0% year over year. A market this steady rewards accurate pricing on the first attempt, because there is no upward drift to rescue a listing that starts too high.
Our read on Federal Way
Light rail arriving changed the calculus here. Federal Way now has a rail connection to both Seattle and the airport at prices roughly a third below the King County typical value. Property near the transit center has repriced faster than the rest of the city.
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