Federal Way, WA has a population of 94,905, while the median age is 36. The household income in Federal Way, WA is around $62,086. The homeownership rate among the residents is 57%. The median residential property value in Federal Way, WA that you should keep in mind is $280,700.
|Number Of Employees||47,290|
|Median Property Value||$280,700|
|Rent Price||Jul||vs Last Month|
|1 bed rentals||$3,666||+140.9%|
|2 bed rentals||$6,347||N/A|
|3 bed rentals||$1,868||-25.3%|
|4+ bed rentals||$9,500||N/A|
Over the Jul 2022, the average rent for an apartment in/near Federal Way, WA decreased by 45.2% to $2,895.
Breaking it down in details, we now see that the average price for 1-bed apartment increased by 140.9% to $3,666. Pricing for 2-bed apartment remains the same, a place of this size will still cost you $6,347. 3-bed apartment rent pricing starts at $1,868, it decreased by 25.3% lately. Consequently, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $9,500 for a big-family home.
|Rent Type Price||Jul||vs Last Month|
The median rent for an apartment in Federal Way, WA decreased by 20.7% to $4,672. Statistics show that house rent price decreased by 59.2% this month making it up to $1,868. An average room will now go for $650, the median rent price for a room decreased by 50%.