Median home value in zip code 98023 (Federal Way, WA) is $610,773, down 2.3% year over year. Part of the Seattle-Tacoma-Bellevue, WA metropolitan area.

Home Value$610,773

YoY Change

-2.3%

Prices falling — better for buyers.

Affordability

Enter your income for 98023 (Federal Way).

Income (annual)

Down Payment

$122,155 on $610,773

Example: $75,000 household income. Change it above to see your own.

Out of reach58.8% of income

Need $157,629/yr to afford.

PITI$3,678

P/I58.8%

Afford$291K

Gap-$320K

P&I $3,088Tax $473Ins $117

6.50% 30yr, 20% down, county tax + WA ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Metro Analysis

98023 is part of the Seattle-Tacoma-Bellevue, WA metropolitan area. See full stress scores, crash risk, early warning signals, and 12-month price forecast for the metro.

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