Market Summary

Federal Way, King County, WA

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Median Home Price Price

$579,697 $579.7K

Median Monthly Rent Rent

$2,118 $2.1K

GRM

23.0x

GRM = Median Home Price divided by annual rent.

Price = Median Home Price.

Rent = Median Monthly Rent.

Similar markets within King County

Region Price Rent GRM Display
$588,694 $2,216 22.0x
$634,669 $2,220 24.0x
$623,643 $2,222 23.0x
$568,857 $2,233 21.0x
$662,603 $2,221 25.0x
$553,180 $2,233 21.0x
$592,391 $2,432 20.0x
$521,409 $2,241 19.0x

Home prices

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Monthly rent

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GRM

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Similar markets within WA outside of King County

Region Price Rent GRM Display
$552,686 $2,605 18.0x
$615,381 $2,123 24.0x
$602,168 $2,201 23.0x
$502,264 $2,004 21.0x
$604,450 $2,232 22.0x
$640,798 $2,277 23.0x
$515,174 $2,223 19.0x
$522,316 $2,226 19.0x
$604,134 $1,987 25.0x
$496,536 $2,189 19.0x
$584,473 $2,165 22.0x
$716,153 $2,246 26.0x
$569,216 $2,222 21.0x
$526,180 $1,980 22.0x
$550,262 $2,610 18.0x
$498,454 $2,038 20.0x
$660,586 $2,662 21.0x
$637,886 $2,082 25.0x
$554,993 $2,276 20.0x

Home prices

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Monthly rent

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GRM

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Similar markets outside of WA

Region Price Rent GRM Display
$442,288 $2,151 17.0x
$549,970 $2,146 21.0x
$614,910 $2,092 24.0x
$555,801 $2,093 22.0x
$1,049,163 $2,129 41.0x
$688,022 $2,215 26.0x
$829,229 $2,264 30.0x
$480,856 $2,056 19.0x

Home prices

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Monthly rent

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GRM

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Federal Way

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Trend Insights

Median Rent in Federal Way, WA is $2,118, with MoM change +$14 and YoY change +$63 pointing to positive momentum while volatility is low (std $13).

Benchmark Markets Side by Side

Search a market to benchmark rent, price, YoY, and price-to-rent against Federal Way, WA.

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Metric
Base market Federal Way, WA
Compare market Select a market
Delta vs base
Median rent
$2,118
N/A
Median price
$579,697
N/A
YoY change
+$63
N/A
Price-to-rent
22.8x
Data unavailable
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