The housing median value in 98003 Federal Way, WA is $527,000, which is substantially higher than the national median housing value of $338,100. However, the 1 year house appreciation rate in 98003 Federal Way is 7.43%, slightly lower than the national rate at 8.27%. Therefore, those looking for a new home in the area can expect a small decrease in value in the coming year, but still an overall strong market for housing.
The median home cost in Federal Way (zip 98003) is $527,000. Home appreciation the last 10 years has been 167.2%. Home Appreciation in Federal Way (zip 98003) is up 14.8%.
Average Age of Homes
- The median age of Federal Way (zip 98003) real estate is 35 years old
The Rental Market in Federal Way (zip 98003)
- Renters make up 48.0% of the Federal Way (zip 98003) population
- 2.2% of houses and apartments in Federal Way (zip 98003), 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.