City

Federal Way, WA

4 ZIP codes  ·  King County  ·  Washington

👥101,803Population
💰$85,979Median HH Income▲ 13% above avg
🎂37.6Median Age
🏠$485,545Median Home Value▲ 74% above avg
🎓41.7%College Grads▲ 8% above avg
📊5.7%Unemployment▲ 17% above avg
People & Population (ACS 2023 — weighted avg)
♂ Male 50.1% Female 49.9% ♀

Race & Ethnicity

White: 36.2%Hispanic: 19.1%Black: 16.9%Asian: 14%Other: 9.3%Race
White36.2%
Hispanic19.1%
Black16.9%
Asian14.0%
Other9.3%

Age Breakdown

Under 5
7%
5–17
16%
18–24
9%
25–44
28%
45–64
26%
65+
7%

Key Indicators

Median Age37.6 yrs
Avg HH Size2.71
Below Poverty12.1% ▲ 21% above avg
College Grads41.7% ▲ 8% above avg
Unemployment5.7% ▲ 17% above avg
No HS Diploma1,874 (2.9%)
HS Graduate17,298 (26.4%)
Some College8,331 (12.7%)
Associates10,730 (16.4%)
Bachelors6,444 (9.8%)
Graduate Degree20,938 (31.9%)

Education

No HS: 2.9%HS Grad: 26.4%Some College: 12.7%Associates: 16.4%Bachelors: 9.8%Graduate: 31.9%Edu
No HS2.9%
HS Grad26.4%
Some College12.7%
Associates16.4%
Bachelors9.8%
Graduate31.9%
Housing & Income

Housing Tenure

Owner: 56.8%Renter: 43.2%Tenure
Owner56.8%
Renter43.2%

Home Value Distribution

Under $50k
3%
$50k–$100k
3%
$100k–$150k
2%
$150k–$200k
2%
$200k–$300k
9%
$300k–$500k
32%
Over $500k
49%

Financials

Median HH Income$85,979 ▲ 13% above avg
Median Home Value$485,544 ▲ 74% above avg
Home/Income Ratio5.6x (nat avg ~3.5x)
Median Rent$1,760/mo
Total Housing Units39,157
Vacant Units1,904

Income Distribution

Under $25k
13%
$25k–$50k
12%
$50k–$75k
17%
$75k–$100k
14%
$100k–$150k
22%
$150k–$200k
8%
Over $200k
12%
Employment & Commute

How People Get to Work

Drove Alone
78%
Public Transit
6%
Walked
2%
Work From Home
14%

Commute Time

Under 15 min
17%
15–30 min
32%
30–45 min
24%
Over 45 min
27%
Housing Stock

Year Built

Before 1940
0%
1940s–1950s
12%
1960s–1970s
23%
1980s–1990s
12%
2000+
53%
About Federal Way, WA

Federal Way is a city in Washington, located in King County. The city spans 4 ZIP codes and is home to approximately 101,803 residents. It is a relatively young city, with a median age of 37.62 years.

Economically, Federal Way is a middle-income community. The median household income of $85,979 is near the national average. Approximately 12.1% of residents live below the poverty line. The unemployment rate is 5.7%, above the national average.

The real estate market in Federal Way is a premium housing market. Median home values stand at $485,544, which is significantly above the national average. Renters typically pay around $1,759 per month.

The population of Federal Way is well-educated. 41.7% of adults hold a bachelor's degree or higher — near the national average. The community is racially diverse, with White as the largest group at 36.2%.

Federal Way, WA offers residents above-average earning potential within Washington. Spread across 4 ZIP codes, the city's neighborhoods vary in character, density, and demographics — explore each ZIP code below for a detailed breakdown.

ZIP Codes in Federal Way
ZIPPopulationMedian IncomeMedian HomeMedian RentUnemp.CollegeOwner Occ.
98003 52,210 $70,800 $428,500 $1,650 6.5% 39.1% 47.7%
98023 49,593 $101,960 $545,600 $1,875 4.9% 44.4% 66.4%