Home prices
The cost of the median home in Federal Way is $328,800. It is roughly $53,780 (14%) lower compared to its nearby areas.Compared to the US as a whole it is about $111,300 (51%) higher, and in comparison to the city of Seattle is about $334,300 (50%) lower.
Rents
The median rent in Federal Way is $1,334 a month. It is roughly $237 (15%) lower compared to the surrounding areas.It is about $272 (25%) higher compared to the entire nation, and it is about $280 (17%) lower compared to the city of Seattle.
Nearby places
Lakeland North
Lakeland North is Federal Way's neighbor to the northeast. Housing prices there are fairly similar. The median home cost in Lakeland North is $319,800, which works out to $9,000 (2%) lower than Federal Way. Its rents are a bit more expensive. The median monthly rent in Lakeland North is $1,699, which is $365 (21%) higher than Federal Way.
Lakeland South
Lakeland South is Federal Way's neighbor to the southeast. Its housing prices are pretty similar. The median home in Lakeland South costs $324,400, which comes out to $4,400 (1%) lower than Federal Way. Rent there is a bit more expensive. Lakeland South's median monthly rent is $1,591, which is $257 (16%) higher than Federal Way.
Fife Heights
Fife Heights is Federal Way's neighbor to the south. Its housing prices are a bit more expensive. Fife Heights's median home price is $408,100, which works out to $79,300 (19%) higher than Federal Way. Its rents are a little more expensive. The median monthly rent in Fife Heights is $1,598, which is $264 (16%) higher than Federal Way.
Dash Point
Dash Point is Federal Way's neighbor to the west. The real estate prices there are a lot more expensive. The median home in Dash Point is valued at $556,700, which is $227,900 (40%) higher than Federal Way. Rents there are somewhat more expensive. The median rent in Dash Point is $1,645 a month, which works out to $311 (18%) higher than Federal Way.
Milton
Milton is Federal Way's neighbor to the south. Housing prices there are a little less expensive. Milton's median home price is $303,900, which comes out to $24,900 (8%) lower than Federal Way. Rent there is pretty similar. Milton's median monthly rent is $1,320, which works out to $14 (1%) lower than Federal Way.
