Land and home values in Federal Way, WA
Federal Way is a city in King County, Washington, home to about 99,493 people. Residential land runs about $18.70 per sq ft, the typical home is worth about $579,000, and a 2-bedroom rents for about $1,970 a month, as of October 12, 2026.
Open on the satellite mapAsk us on WhatsAppValues in Federal Way
| Land: residential | $18.70 | per sq ft |
| Land: residential | $814,572 | per acre |
| Land: quarter-acre lot | $203,643 | 10,890 sq ft |
| Home: typical (median) | $579,000 | value |
| Home: entry-level | $257,000 | lower quartile |
| Home: upper-end | $579,000 | upper quartile |
| Build new | $177 | per sq ft, no land |
| Rent: 1-bedroom | $1,700 | per month |
| Rent: 2-bedroom | $1,970 | per month |
| Rent: 3-bedroom | $2,590 | per month |
| Rent: 4-bedroom | $3,040 | per month |
| Gross yield, 2-bed | 4.1% | a year |
ZIP codes
Questions people ask
How much is land worth in Federal Way, WA?
Residential land in Federal Way, WA is about $18.70 per square foot, or $814,572 an acre, as of October 2026. A quarter-acre lot (10,890 sq ft) is about $203,643. Smaller lots sell for more per square foot and large tracts for less.
What is the typical home value in Federal Way, WA?
The typical (median) home in Federal Way, WA is worth about $579,000, with entry-level homes around $257,000 and upper-end homes around $579,000, as of October 2026.
How much is rent in Federal Way, WA?
A 2-bedroom rents for about $1,970 a month in Federal Way, WA, a 1-bedroom about $1,700 and a 3-bedroom about $2,590 (gross rent including utilities, HUD Fair Market Rent basis).
Is this an appraisal?
No. Indicative values for screening, budgeting and negotiation, not an appraisal. For lending, a tax appeal or legal use, hire a state-licensed or certified appraiser.