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market report · 98003
Federal Way, WA · 98003
47 active listings$515,000 median ask$2,602 est. rent0.5% price/rent
$515,000
Median list price
$2,602/mo
Estimated rent
0.5%
Price / rent ratio
47
Listings
FHFA home price index · 2016–2025
106.3% cumulative change over the window. Source: FHFA ZIP-level HPI.
$1.76
Median rent / sqft
44 comps
$320.00
Median sold / sqft
45 comps
—
Walkability
4.7%
Area unemployment
BLS LAUS
Median household income $75,319 · median home value $476,600 · ACS 2024.
Natural-hazard risk Very High (FEMA NRI score 98).
23 schools within ~4 km of the ZIP centroid.
top deals · highest rent-to-price
3001 S 288th St, Federal Way, WA 98003
Federal Way, WA
$85,000$2,251/mo2.6%
2611 S 288th St, Federal Way, WA 98003
Federal Way, WA
$120,550$2,694/mo2.2%
511 S 325th St, Federal Way, WA 98003
Federal Way, WA
$169,500$1,904/mo1.1%
28610 16th Ave, Federal Way, WA 98003
Federal Way, WA
$220,000$2,171/mo1%
32304 4th Pl, Federal Way, WA 98003
Federal Way, WA
$269,000$2,559/mo1%
31003 14th Ave, Federal Way, WA 98003
Federal Way, WA
$184,950$1,586/mo0.9%