Key takeaways
- On average, homes in Federal Way are less expensive than throughout the rest of Washington State.
- The Federal Way real estate market, like most places in Washington, is favorable for anyone who plans to sell their home, due to limited supply and high demand.
- Federal Way County is home to one of the most diverse zip codes in the entire state: 98003.
Top Real Estate Agents In Federal Way
Federal Way is a small city located on the east shore of the Puget Sound, between Seattle and Tacoma. As part of the greater Seattle metropolitan area, Federal Way has easy access to the big city while maintaining the friendly neighborhood atmosphere of a smaller community.
If you’re considering buying or selling a home here, be sure to do it right by connecting with an experienced Federal Way real estate agent.
Federal Way’s Housing Market
Median household income
$67,347
Average home price
$328,000
Average days on market
5
The median household income in Federal Way is $67,347 per year, according to the latest data from the United States Census Bureau. This amount is a bit lower than the statewide median household income of nearly $74,000 per year.
However, the real estate market in Federal Way is also less expensive than Washington’s average. The median residential property value in Federal Way is about $328,000, while the average Washington home is over $10,000 more expensive. Limited supply of homes with major demand across all of Washington state makes Federal Way and surrounding areas a seller’s market.
Best Buyer Agents In Federal Way
Buyer agents are experts at matching you with your perfect home. They can provide access to the newest realty listings, even before they’re marketed on popular housing websites.
Fill out our form today and discover a top-rated buyer agent in Federal Way, like:
Ramona Jones
Ramona Jones has 24 years of experience as a real estate agent in Federal Way, WA. One of the most successful realtors in the area, she closes more than 100 transactions every year. A past client describes Ramona as “a true professional in every sense of the word.”
Cirilo Ilar
Cirilo Ilar is a Federal Way, WA real estate agent with 16 years of experience. He is a premier broker of Nations Realty, LLC, where he has won the “Top Producer” award five times. Cirilo always goes the extra mile to educate each of his clients on the finer details of the homebuying process.
Monique Bloedel
Monique Bloedel has been a Seattle-area real estate agent since 1991. She has gathered many different accolades throughout her career, including being named to the “Five Star: Best in Client Satisfaction” list by Seattle Magazine. She has also been named “Best of the Best Real Estate Agents” by the American Institute of Real Estate Professionals.
Best Seller Agents In Federal Way
Seller agents can ensure that you maximize your return on investment during the sale of your property. They’ll help you professionally stage your home to increase its value, beautifully market your listing online to attract more buyers, negotiate on your behalf, and sign a deal as quickly as possible.
By filling out our form, you can connect with the best seller agents in Federal Way, such as:
Rich Lucas
Rich Lucas is the owner and managing broker of the Integrity Homeselling Team with Keller Williams. He is a major name in the industry with nearly 40 years of experience. He has closed almost 3000 properties in total, and 75 in the past 12 months.
William Collins
William Collins has 21 years of experience as a RE/MAX realtor. He is certified to teach First Time Home Buyer Education Classes for Washington State, and believes in empowering his clients through knowledge and access.
Jonathan Bye
Jonathan Bye has 18 years of experience, during which he has closed more than $368 million in sales for over 1,000 families. In the past 12 months, he has sold 140 homes.
Get To Know Federal Way
Here are the things someone should know about Federal Way before you purchase a home here:
The population in Federal Way is just under 100,000.
Top occupations in Federal Way include healthcare and social assistance, retail occupations, manufacturing, utilities, technical services, and management.
According to GreatSchools, Federal Way has one above-average school: Brigadoon Elementary. The city also has 7 schools with average ratings.
There are far more physicians per capita in Federal Way than in the average American city. Residents of Federal Way also pay less for healthcare costs than the average American.
The annual average temperature in Federal Way is 52.7 degrees Fahrenheit, and the city receives a few more inches of precipitation per year (41.75) than the national and statewide averages (38.67).
Main attractions in Federal Way include the Wild Waves Theme Park, swimming and canoeing on Steel Lake, the annual Northwest Sand Festival, and strolling through Dash Point State Park off of the Puget Sound.
Hottest Zip Codes
When you’re looking at neighborhoods in the Federal Way area, start with these zip codes:
98003
Ranked the #6 Most Diverse Zip Code in Washington” by Niche, the feel of this neighborhood is an urban and suburban mix.
98023
This zip code is surrounded by many of the area’s best natural attractions, giving it an A grade for outdoor activities.
98001
This is a good neighborhood for families and working people, with low commute times and plenty of job opportunities.
Find Your Federal Way Real Estate Agent
Buying or selling a home in Federal Way doesn’t have to be complicated. Fill out our form today and get matched with a top-tier local Federal Way real estate agent whose skills and experience are perfectly suited to your individual real estate needs.