| ZIP Code | 98003 |
|---|---|
| City | Federal Way |
| State | Washington (WA) |
| County | King County |
| Area Code | 253 |
| Elevation | 412 ft |
| Latitude | 47.305205 |
|---|---|
| Longitude | -122.314161 |
| Timezone | Los Angeles (DST) |
| FIPS | 53033 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 36.4 yrs ↑ 4% since 2019 |
|---|---|
| Avg Household Size | 2.65 |
| Below Poverty | 14.1% ▲ 41% above avg |
| College Grads | 39.1% ≈ Avg |
| Unemployment | 6.5% ▲ 32% above avg |
| No HS Diploma | 1,165 (3.6%) |
| HS Graduate | 9,240 (28.2%) |
| Some College | 4,348 (13.3%) |
| Associates | 5,196 (15.9%) |
| Bachelors | 3,257 (9.9%) |
| Graduate Degree | 9,551 (29.2%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $70,800 ≈ Avg ↑ 19% since 2019 |
|---|---|
| Median Home Value | $428,500 ▲ 54% above avg ↑ 49% since 2019 |
| Home/Income Ratio | 6.1x (nat avg ~3.5x) |
| Median Rent | $1,650/mo ↑ 35% since 2019 |
| Total Units | 20,380 |
| Vacant Units | 929 |
| Avg HH Size | 2.65 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 20,380 |
|---|---|
| Vacant | 929 |
| Owner Occupied | 47.7% |
| Renter Occupied | 52.4% |
| Avg HH Size | 2.65 |
ZIP code 98003 is located in Federal Way, Washington, within King County. With a population of 52,210, this is a highly populated ZIP code with a relatively young community — the median age is 36.4 years. Economically, 98003 is a solidly middle-class ZIP code: the median household income of $70,800 is near the national average.
Real estate in ZIP code 98003 represents a premium housing market. The median home value of $428,500 is significantly above the national average. Renters can expect to pay around $1,650 per month in median rent. The area has a relatively balanced mix of owners (47.7%) and renters (52.4%). Median home values have increased by 49% since 2019.
The population of 98003 is racially diverse, with White as the largest group at 31.8%. Residents are moderately educated — 39.1% hold a bachelor's degree or higher, which is near the national average. Poverty affects some residents at 14.1%. Household income has grown by 19% since 2019.
The unemployment rate in 98003 stands at 6.5%, which is above the national average. As in most parts of the country, driving alone is the dominant commute mode at 68%.
Overall, ZIP code 98003 in Federal Way, WA is characterized as solidly middle-class, moderately educated, and a relatively young community. With 52,210 residents, a median household income of $70,800, and a median home value of $428,500, it offers a clear picture of life in this part of Washington.