Federal Way, WA housing market
Typical home value
$582K
▼ 0.6% 1 yr
Typical rent
$1,944/mo
▲ 2.5% 1 yr
Gross rent yield
4.0%
U.S. 6.3%
5-year home value change
+11%
U.S. +20%
Key takeaways
- 1The typical home in Federal Way is worth $581,567, down 0.6% over the past year and up 11% over five years.
- 2Typical rent is $1,944 a month (+2.5% YoY), a gross rent yield of 4.0% (above the Seattle, WA metro's 3.7%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $3,196/mo, $1,252 more than typical rent.
- 4Zillow forecasts the Seattle, WA metro's home values to change 0.0% over the next 12 months.
Market temperature (Seattle, WA metro)
Strong buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 26/100, #485 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Federal Way compares
| Measure | Federal Way | Seattle, WA metro | United States |
|---|---|---|---|
| Typical home value | $581,567 | $720,147 | $366,157 |
| Home value, 1-yr change | −0.6% | −1.6% | +1.2% |
| Typical rent | $1,944 | $2,250 | $1,932 |
| Rent, 1-yr change | +2.5% | +1.8% | +2.7% |
| Gross rent yield | 4.0% | 3.7% | 6.3% |
| Price-to-rent ratio | 24.9 | 26.7 | 15.8 |
| Mortgage P&I, typical home | $3,196 | $3,958 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Federal Way rental, pre-filled.
Rent vs buy in Federal Way
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $582K home.
Other cities in the Seattle, WA metro
Seattle, WA
$823K home$2,227 rent
▼ 1.8% 1 yr
Tacoma, WA
$483K home$1,773 rent
■ 0.0% 1 yr
Everett, WA
$631K home$1,919 rent
▼ 1.8% 1 yr
Bellevue, WA
$1.39M home$2,759 rent
▼ 4.4% 1 yr
Renton, WA
$725K home$2,252 rent
▼ 2.1% 1 yr
Kent, WA
$631K home$1,958 rent
▼ 1.2% 1 yr
Puyallup, WA
$560K home$2,199 rent
▲ 0.1% 1 yr
Bothell, WA
$979K home$2,523 rent
▼ 5.6% 1 yr
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.