Is Federal Way, WA a good place to invest in rental property?

Federal Way, WA has a median modeled monthly cash flow of $-1,632 and a median cap rate of 2.8%, on a median sold price of $600,000. Prices changed -2.5% year over year.

What is the average cap rate in Federal Way, WA?

The median cap rate across recently sold homes in Federal Way, WA is 2.8%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Federal Way, WA?

The median sold price in Federal Way, WA is $600,000 (about $311 per square foot).

Investing in Federal Way, WA Real Estate

A data-driven snapshot of the Federal Way, WA rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$600,000Median sold price

$311Median $/sqft

2.8%Median cap rate

$-1,632Modeled cash flow / mo

-2.5%Appreciation YoY

11.9Months of supply

747Active listings

752Sold (last 12 mo)

What the Federal Way numbers say

In Federal Way, WA, the median home sold for $600,000 (about $311 per square foot), and the typical deal models out to a 2.8% cap rate with a median $-1,632 of monthly cash flow. Sold prices moved -2.5% over the past year. Inventory sits at about 11.9 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

🔨 See 4 fix-and-flip deals in Federal Way — listings where the estimated after-repair value beats list price + rehab.

Other Washington markets to compare

See Federal Way cash-flowing listings

CashFlowRE ranks every for-sale home in Federal Way, WA by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Federal Way deals, or browse the national market data.