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AREA INFORMATION

98023 (Federal Way, WA)

Explore the real estate in 98023 (Federal Way, WA)

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Area Highlights

98023 (Federal Way, WA) residents have a median age of 37.3 years old, with employment highest in the construction and sales industries.

50,801 Population

18,528 Households

$93,354 /yr
Median Household Income

$600,000
Median Home Sale Price

28m Median Commute Time

Most people in this area drive to work.

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Median Age

Median age is the age that divides a population into two numerically equally sized groups; that is, half the people are younger than this age and half are older. It is a single index that summarizes the age distribution of a population.

LEGEND

  • 61+ years old
  • 51 to 60 years old
  • 41 to 50 years old
  • 31 to 40 years old
  • 21 to 30 years old
  • 11 to 20 years old
  • 0 to 10 years old

Median Home Price

The median sale price measures the “middle” price of homes that sold, meaning that half of the homes sold for a higher price and half sold for less.

LEGEND

  • $2,000,000+
  • $1,000,000 to $2,000,000
  • $800,000 to $1,000,000
  • $600,000 to $800,000
  • $400,000 to $600,000
  • $200,000 to $400,000
  • $0 to $200,000

Median Household Income

The median household income is the income amount that divides a population into two equal groups, half having a household income above that amount, and half having a household income below that amount.

LEGEND

  • $500,000+ per year
  • $250,000 to $500,000 per year
  • $150,000 to $250,000 per year
  • $100,000 to $150,000 per year
  • $75,000 to $100,000 per year
  • $50,000 to $75,000 per year
  • $0 to $50,000 per year

Family & Education

37.3 Median Age

Average Household Size

2.7
persons per
household

55.5%

Married Households

Community Population By Education

High School Graduate 24%
Some College 24%
Bachelors Degree 22%
Associates Degree 11%
Graduate Degree 10%
Some High School 9%

Household Family Expenses vs National Average

35.5% of households have children

Economics

$93,354 /yr
Median Household Income
$600,000
Median Sales Price
28 min
Median Commute Time

Household Expenses vs National Average

Household by Income

Transportation to Work

  • Drive 62%
  • Work from Home 30%
  • Public Transit 5%
  • Walk or Bike 2%

Occupancy by Type

Owned 11,501 60%
Rented 7,027 37%
Vacant 720 4%

White vs Blue Collar Jobs







White Collar 68%
Blue Collar 32%

Employment

Employees by Industry

Employees by Occupation

Demographics

Community Population By Age

Community Population By Ethnicity

White 46%
Asian 19%
Hispanic 18%
Black 11%
Other 9%
Native American <1%

Crime & Pollution

Crime vs National Average

Pollution vs National Average

Weather

76° July
Hottest Average Month
34° January
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
34°
45°
Feb
35°
49°
Mar
37°
53°
Apr
40°
59°
May
45°
66°
Jun
50°
71°
Jul
53°
76°
Aug
53°
76°
Sep
50°
70°
Oct
44°
60°
Nov
39°
51°
Dec
35°
46°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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* Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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