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.
Population | 94,905 |
Median Age | 36.4 |
Poverty Rate | 12% |
Household Income | $62,086 |
Number Of Employees | 47,290 |
Median Property Value | $280,700 |
Rent Price | Jul | vs Last Month |
---|---|---|
Studio rentals | $1,800 | N/A |
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 |
---|---|---|
Apartment rentals | $4,672 | -20.7% |
Room rentals | $650 | -50% |
House rentals | $1,868 | -59.2% |
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%.