There are currently 24,479 real estate properties in FEDERAL WAY, WA, with a median automated valuation model (AVM) price of $522,300.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in FEDERAL WAY, WA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in FEDERAL WAY, WA, is $538,961.00, with the most expensive house in FEDERAL WAY, WA, topping out at $44,398,300.00 and the cheapest home in FEDERAL WAY, WA, clocking in at $121,000.00. In other words, there’s something for every potential homebuyer or savvy investor in FEDERAL WAY, WA!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in FEDERAL WAY, WA, is on a rollercoaster ride. The average rent price in FEDERAL WAY, WA, is $1,756.00. Indeed, when looking to rent in FEDERAL WAY, WA, you can expect to pay as little as $850.00 or as much as $4,620.00, with the average rent median estimated to be $1,740.00. The good news is that finding an affordable and desirable property to rent in FEDERAL WAY, WA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.