Area data
Federal way, WA — ZIP 98003
Population: 51,619 (Census ACS)
Home values & appreciation
- Median home value
- $569,819
- 1-year appreciation
- +0.6%
- 3-year appreciation
- +4.6%
- 5-year appreciation
- +14.1%
- 10-year appreciation
- +101.4%
- All-time peak (2025-02)
- $583,632
- House Price Index
- 588.1 (+2.2% YoY)
Market activity
- Median sale price
- $730,000
- Median list price
- $899,950
- Median days on market
- 97 days
- Sale-to-list ratio
- 97.4%
- Active listings
- 5
- 1-year forecast
- -0.6%
- Days to pending
- 36 days
- New listings (monthly)
- 43
Rents
- Typical rent
- $1,863/mo
- 1-year rent change
- +2.3%
- 1BR fair-market rent
- $1,880/mo
- 3BR fair-market rent
- $2,870/mo
Affordability
- Cost of living index (Above Average)
- 107.5 (100 = US avg)
- Electricity rate (state-level)
- 13.1¢/kWh
- Natural gas rate (state-level)
- $17.60/MCF
- 30-year mortgage rate (national)
- 6.66%
- 15-year mortgage rate (national)
- 6.00%
Schools
- Total schools
- 19
- Elementary schools
- 6
- Middle schools
- 3
- High schools
- 6
Natural hazards & flood risk
- Overall hazard risk
- Very High
- Top hazards
- avalanche, earthquake, inlandFlooding, heatWave, iceStorm
- FEMA flood zone
- X
- Flood risk level
- Minimal
Climate (30-year normals)
- Average annual temperature
- 53.0°F
- Average high
- 61.0°F
- Average low
- 44.0°F
- Annual precipitation
- 45.2 in
- Annual snowfall
- 18.7 in
Air quality
- Air quality rating
- Good
- Median AQI (annual)
- 46
- Days with Good air quality
- 214
- Days with Unhealthy air quality
- 1
Walkability & transit
- Walkability index
- 18.5 / 20
- Transit service frequency
- 274
Amenities
- National parks within ~60 mi
- 3
- Nearest national park
- Wing Luke Museum Affiliated Area (20 mi)
- Nearest airport
- Auburn Municipal Airport (5 mi)
- Nearest major airport
- Seattle–Tacoma International Airport (SEA) (10 mi)
- Hospitals nearby (~15 mi)
- 1
- Avg hospital rating
- 3.0 / 5
- Solar radiation rating
- Poor (3.5 kWh/m²/day)
Migration
- Net migration
- -5,092 tax filers
Housing stock
- Median year housing built
- 1,984
- Median annual property tax
- $4,127
- Mean commute to work
- 28 min
- Households with broadband internet
- 74.4%
Employment & development
- Total county employment
- 1,282,761
- Average weekly wage
- $2,389
- Top industries (by employment)
- Health Care, Professional Services, Information
- Annual residential building permits (county)
- 2,030
Area data compiled from public government, academic, and industry research feeds. Data sources →
Data last updated
Most recent source refresh: Aug 2026. See all data sources →