Location Overview
Federal Way is a city situated in King County, Washington. It's part of the Seattle metropolitan area and is conveniently located between Seattle and Tacoma. It offers a balance of urban and suburban living with easy access to major highways like I-5.
Crime Rate, Schools, and Amenities
Federal Way has varied crime rates depending on specific neighborhoods, but generally, it is considered to have a moderate crime rate. The Federal Way Public Schools district serves the area and includes a range of elementary, middle, and high schools. School ratings can vary, so it’s advisable to check individual schools for the most accurate ratings. The area is rich in amenities, with parks like Dash Point State Park offering outdoor activities. There are several shopping centers and grocery stores, such as The Commons at Federal Way, for convenient shopping. The area is close to tourist attractions like the Rhododendron Species Botanical Garden. The neighborhood is also equipped with libraries and community centers.
Economic and Employment Information
The average household income in Federal Way is diverse, reflective of a mixed socio-economic population. Neighboring areas may have varying income levels, with some areas being more affluent. Job growth in Federal Way is generally aligned with the broader trends in the Seattle-Tacoma-Bellevue metro area, which has seen significant growth, particularly in technology, healthcare, and retail sectors. Overall, Federal Way offers a suburban lifestyle with proximity to urban job markets, making it a convenient location for commuters.
Neighborhood Summary
The neighborhood in question presents a unique blend of characteristics that both potential homebuyers and real estate professionals would find intriguing. With a median home price of $178,000, it offers an attractive entry point compared to the national average, making it an appealing option for first-time buyers and investors alike. However, the median household income of $53,865 is slightly below the national average, which suggests that while housing is affordable, the community may not have as strong a spending capacity. This is further underscored by the fact that 15% of the residents live below the poverty line, indicating economic challenges that prospective investors might want to consider.
The area sees a higher percentage of renters, with only 29% of homes being owner-occupied compared to a national figure that typically leans more towards ownership. This rental dynamic might appeal to investors looking for rental income opportunities, especially with a median contract rent of $1,299. However, with 75% of homeowners saddled with mortgages that consume more than 30% of their income, there is a risk of financial strain among homeowners should economic conditions worsen. Vacant housing units stand at 4%, signaling a relatively healthy housing supply, although not as dynamic as in areas with lower vacancy rates.
One aspect that potential residents might ponder is the educational attainment levels in the area, with only 14% of the populace holding a college degree, which lags behind the national average. This could influence the types of employment opportunities available locally. The neighborhood is predominantly white, which might suggest a lack of racial diversity compared to more multicultural urban areas. With 23% of the residents being non-US citizens, however, there is a noticeable presence of international influences that can enrich the community's cultural tapestry.
Given the 5% unemployment rate, which is slightly above the national average, coupled with the challenges of high mortgage burdens, prospective buyers might also consider exploring nearby neighborhoods with similar housing prices but potentially more favorable economic indicators. Areas with higher educational attainment and lower poverty rates might offer better long-term stability and growth potential. Ultimately, while this neighborhood offers affordability, its economic indicators and lower educational attainment levels might prompt buyers to compare it with other areas that align more closely with their long-term goals and lifestyle aspirations.
Median Home Price
Walk Score
Bike Score
Median Household Income
Percent Under Poverty
Median Contract Rent
Owners vs Renters
Vacant Housing Units
Unemployment Rate
College Degree
Dominant Race
Married-Couple Families
Owners Without Morgages
Mortgage ≥ 30% Income
Rent ≥ 30% Income
Non-US Citizens
Steel Lake Park
0.5 miles
St. Francis Hospital
1.2 miles
Safeway
0.4 miles
Black Bear Diner
0.6 miles
LA Fitness
0.7 miles
Seattle-Tacoma International Airport
11 miles
Federal Way High School
1 mile
The Commons at Federal Way
0.8 miles
Federal Way Transit Center
0.8 miles
US Bank
0.5 miles
Dynamic Insights
Custom Narratives
Green Flags
Red Flags
Flood Zone
Flood zone information is not available for this property at this time.
Historical Flooding
Historical flood damage records are not available for this property.
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