Federal Way

Federal Way is an independent city and is not divided into separate municipalities. Instead, the city is divided into several smaller neighborhoods and communities, each with its own unique personality and characteristics.

Here are some of the aspects that may interest you when purchasing in this area.

There are many reasons why someone would buy a home in Federal Way. Below I will mention some of the most common reasons:

Great Location: Federal Way is located in the heart of the Pacific Northwest region, making it a convenient place to live and work. It is close to major cities like Seattle and Tacoma, and has easy access to interstate highways and other transportation.
Great quality of life: Federal Way is a vibrant city with many amenities including parks, trails, shopping centers, restaurants, and community events. It also has a pleasant, temperate climate year-round.
Affordable Housing: Compared to other major cities in the region, such as Seattle or Bellevue, Federal Way offers more affordable housing prices. This means that buyers can get a larger home or one with more amenities for the same price as in other cities.
Diversity: Federal Way is a very diverse city with a mix of cultures, languages, and lifestyles. This can be appealing to those looking for a welcoming and accepting environment.
Job Opportunities: Federal Way has a growing economy and is close to major employment centers such as Seattle and Tacoma. It is also home to major employers such as Weyerhaeuser and World Vision.

The city offers a unique combination of urban amenities, diversity and quality of life, making it an exciting and welcoming place to call home.

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Market Data Here are some real estate market data for Federal Way: Median home price: The median home price in Federal Way is around $600,000 USD, with variations depending on the property type and specific location in the city. Mortgage rates: Mortgage rates have been rising since 2020, affecting housing affordability. Housing inventory: Inventory remains limited due to high demand, creating constant competition in the market. Market duration: Homes in Federal Way typically stay on the market for 30 to 45 days, depending on supply. Housing types: The area has mainly single-family homes, with a notable presence of condominiums and apartments. Buyer demographics: The majority of buyers are young couples and families looking for affordable homes in the Seattle metropolitan area.

GEOGRAPHIC AREA. Federal Way is a city located in King County, Washington, in the northwestern region of the United States. The city is located about 25 kilometers south of Seattle and about 16 kilometers north of Tacoma. Federal Way has a total area of approximately 56.4 square kilometers, of which 5.5% is water. The city is located in a coastal area of the Pacific Northwest region and has a shoreline of approximately 3 kilometers along the Puget Sound, a major waterway in the region. The city is bordered to the north by the city of Des Moines, to the east by the city of Auburn, to the south by the city of Milton and Pierce County, and to the west by the Puget Sound. Federal Way is located in a mountainous area, with the Cascade Mountains to the east and the Olympic Mountains to the west. In short, Federal Way is located in the northwestern region of the United States, in the state of Washington, and is located about 25 kilometers south of Seattle. The city has a coastline on the Puget Sound and is surrounded by mountains and other cities in the region.

TERRITORIAL EXTENSION. The city of Federal Way has a land area of approximately 56.6 square kilometers (21.9 square miles). The city is located in King County, Washington State, in the northwestern region of the United States. Federal Way is located on the shores of Puget Sound, surrounded by mountains and with easy access to major roads and highways in the region.

POPULATION The population of Federal Way, Washington, was estimated at approximately 98,000 people by mid-2023, according to the latest projections. While the 2020 figure was around 97,600, the city has seen moderate growth in recent years, reflecting the trend of suburban expansion near Seattle. Federal Way remains the ninth-largest city in Washington and is part of the Seattle-Tacoma-Bellevue metropolitan area. The city is well-regarded for its location near Puget Sound and surrounded by mountains, making it a popular destination for outdoor activities.

BUSINESS TYPES. Federal Way has a wide variety of business forms, from small independent businesses to large chain stores. Below are some of the most common business forms in Federal Way: 1. Shopping Centers: Federal Way has several major shopping centers, including The Commons at Federal Way and SeaTac Village. These shopping centers feature a wide variety of stores, restaurants, and services. 2. Small Businesses: Federal Way has a vibrant community of small independent businesses, including clothing stores, restaurants, coffee shops, yoga studios, and more. 3. Large Chain Stores: Federal Way has many large chain stores, including Target, Walmart, Home Depot, Lowe's, Best Buy, and Costco. These stores offer a wide variety of products at competitive prices. 4. Health Services: Federal Way has many major health services, including St. Francis Medical Center, St. Francis Hospital, and several doctor's offices and clinics. 5. Technology Companies: Federal Way is also home to several major technology companies, including Weyerhaeuser, which is headquartered in the city, and World Vision, a nonprofit that works to help children and families in need around the world. 6. Financial Services: Federal Way has many financial services companies, including banks, credit unions, and insurance companies.