Foreclosure Homes in Federal Way, WA 98023

Current Market Conditions in Federal Way, WA

The real estate market in Federal Way is currently experiencing steady growth, driven by an increase in demand for homes as more people seek the balance of suburban living with urban amenities. Prices have shown modest appreciation over the past year, making it an appealing market for both buyers and investors.

Properties in Federal Way are selling at a faster rate than the previous year, particularly single-family homes. There is a notable interest in listings that offer larger lots and are located near schools and parks, providing a family-oriented environment.

Rent Prices In Federal Way, WA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Federal Way, WA, is on a rollercoaster ride. The average rent price in Federal Way, WA, is $1,780.00. Indeed, when looking to rent in Federal Way, WA, you can expect to pay as little as $870.00 or as much as $5,040.00, with the average rent median estimated to be $1,750.00. The good news is that finding an affordable and desirable property to rent in Federal Way, WA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.