The story of this market
The typical home in ZIP 98023 sells for about $625,000, or $317 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 16 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,900 a month.
ZIP 98023 — Federal Way
The 98023 housing market remains competitive with low inventory and a median sale price of $625,000. While year-over-year price growth is modest at 2.5%, the rapid turnover of homes suggests sustained demand in this Federal Way ZIP code.
Median prices moved up 2.5% year over year.
Homes spend a median of 16 days on market with 4.6 months of supply — a fast-moving market.
26% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.8% · poverty 9.0% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 98023, King County WA
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Data retrieved from data.census.gov ZCTA 98023 profile.
- Wild Waves Theme and Water Park3.93.7 mi
- Sky Zone Trampoline Park4.111.6 mi
- Tukwila Family Fun Center & Bullwinkle's Restaurant4.312.6 mi
- Round1 Bowling & Arcade412 mi
- Round1 Bowling & Arcade - Puyallup3.810.8 mi
- T-Mobile Park4.719.9 mi
- Washington State Fair Event Center4.39.2 mi
- Tacoma Dome4.15.4 mi
- Topgolf Renton4.115.3 mi
- Wild Waves Theme and Water Park3.93.7 mi
- Westfield Southcenter4.411.9 mi
- Washington State Fair Event Center4.39.2 mi
- Point Defiance Zoo & Aquarium4.56.9 mi
- Chambers Bay Golf Course4.711.7 mi
- Point Defiance Park4.77.1 mi
- The Museum of Flight4.815.2 mi
- Museum of Glass4.55 mi
- LeMay - America’s Car Museum4.75.5 mi
- Children's Museum of Tacoma4.64.9 mi
- El Centro de la Raza (The Center of People of All Races)4.519.2 mi
- Chambers Bay Golf Course4.711.7 mi
- Point Defiance Park4.77.1 mi
- Dash Point State Park4.51.5 mi
- Point Ruston4.76.1 mi
- Dune Peninsula at Point Defiance Park4.86.3 mi
- Mercer Island Beach Club4.516.9 mi
- Tacoma Yacht Club4.76.5 mi
- Point Defiance Marina4.76.7 mi
- City of Des Moines Marina4.57 mi
- Foss Harbor Marina4.64.5 mi
- Chambers Bay Golf Course4.711.7 mi
- Meadow Park Golf Course4.510.1 mi
- Washington National Golf Club4.110.5 mi
- Riverbend Golf Complex4.27.4 mi
- Auburn Golf Course4.48.1 mi
- Westfield Southcenter4.411.9 mi
- Tacoma Mall4.17.6 mi
- The Outlet Collection Seattle4.26.1 mi
- WinCo Foods4.410.5 mi
- South Hill Mall4.110.9 mi
- Seattle-Tacoma International Airport (SEA) Parking Garage3.410.2 mi
- King County International Airport - Boeing Field4.516.3 mi
- Kenmore Air - Lake Union4.622.4 mi
- The Club SEA2.79.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.