Federal Way, WA is a vibrant city with an active real estate market. The median value of homes in Federal Way is $542,500, which is significantly higher than the US housing median value of $338,100. Furthermore, house appreciation in Federal Way has been strong over the past year with a growth rate of 7.43%, slightly lower than the national average of 8.27%. This indicates that Federal Way is an attractive area for homeowners looking to invest in real estate. With its steady and increasing home values, Federal Way is an ideal choice for those seeking to make a secure investment in property.
The median home cost in Federal Way is $542,500. Home appreciation the last 10 years has been 167.2%. Home Appreciation in Federal Way is up 14.8%.
Average Age of Homes
- The median age of Federal Way real estate is 35 years old
The Rental Market in Federal Way
- Renters make up 41.9% of the Federal Way population
- 2.3% of houses and apartments in Federal Way, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.