HomeWashingtonKing CountyFederal Way
Federal Way, Washington: commercial real estate data.
Federal Way is a Census city of 99,493 people across 22.31 square miles of land, in King County. Median household income is $86,909, 55.3 percent of occupied homes are owned, and the SBA record carries 183 7(a) approvals to borrowers here worth $88.4 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Federal Way
What Federal Way is
- Census place typecity
- Land area22.31 sq mi
- Water area1.4 sq mi
- Population per square mile of land4,459
- County holding the largest share of its areaKing County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Federal Way
How many people live in Federal Way
- Population99,493
- Median age37.4
- Population under 1822,706
- Share under 1822.8 percent
- Population 65 and over14,965
- Share 65 and over15.0 percent
- Households35,717
- Family households23,131
- Share of households that are families64.8 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Federal Way
Income and work in Federal Way
- Median household income$86,909
- Per capita income$40,975
- Civilian labor force52,511
- Employed49,666
- Unemployed2,845
- Unemployment rate5.4 percent
- Adults 25 and over68,638
- Adults 25 and over with a high school diploma or higher89.0 percent
- Adults 25 and over with a bachelor degree or higher30.8 percent
- Adults 25 and over with a graduate degree9.6 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Federal Way
Housing in Federal Way
- Housing units37,479
- Occupied units35,717
- Vacant units1,762 plus or minus 401
- Vacancy rate4.7 percent plus or minus 1.1
- Owner occupied19,757
- Renter occupied15,960
- Ownership rate55.3 percent
- Median owner-occupied home value$552,800
- Median gross rent, monthly$1,797
- Annual rent as a share of median income24.8 percent
- Single family units19,495
- Share single family52.0 percent
- Units in buildings of two or more16,476
- Share in buildings of two or more44.0 percent
- Mobile homes1,454
- Median year structure built1984
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Federal Way
How Federal Way gets to work
- Workers 16 and over who commute41,424
- Commuting under 15 minutes7,041
- Share commuting under 15 minutes17.0 percent
- Commuting 30 minutes or more21,526
- Share commuting 30 minutes or more52.0 percent
- Drove alone66.5 percent
- Carpooled12.1 percent
- Public transport4.5 percent plus or minus 1.3
- Walked2.1 percent plus or minus 0.8
- Worked from home13.7 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Federal Way
SBA loans in Federal Way (7(a))
- Approvals183
- Gross approval$88,444,900
- Average approval$483,305
- Median approval$197,000
- Ninetieth percentile approval$1,223,600
- Largest approval$4,694,100
- Jobs supported1,569
- Jobs per approval8.6
- Loans with a final outcome35
- Paid in full33
- Charged off2
- Charge-off rate over resolved loans5.7 percent
- Median term120 months
- Share on real estate terms of 20 years or more17.5 percent
- Share to franchises6.6 percent
- Distinct lenders48
- Distinct industries by NAICS80
Counted by borrower city: approvals to borrowers whose address is in Federal Way, in any county, FY2020 to FY2026.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Federal Way
SBA loans in Federal Way (504)
- Approvals23
- Gross approval$29,588,000
- Average approval$1,286,435
- Median approval$773,000
- Largest approval$5,500,000
- Jobs supported203
- Loans with a final outcome5
- Charged off0
- Median term300 months
- Distinct CDCs3
Counted by borrower city: approvals to borrowers whose address is in Federal Way, in any county, FY2010 to FY2026. Only 5 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Federal Way
Flood risk in Federal Way
- NFIP communityCity of Federal Way
- NFIP community number530322
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date08/19/20
The City of Federal Way participates in the National Flood Insurance Program as community 530322 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
King County, not Federal Way
King County context, not Federal Way figures
- Establishments in King County70,376
- Covered employment, King County1,449,785
- Average annual pay, King County$132,279
- Housing units permitted, King County10,564
Every figure in this section is published for King County as a whole and is not a measurement of Federal Way.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Federal Way questions, answered from the record.
How many people live in Federal Way, Washington?
99,493, in 35,717 households. Federal Way city covers 22.31 square miles of land, which is 4,459 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Federal Way in?
King County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Federal Way?
$86,909. The median owner-occupied home is valued at $552,800. Median gross rent is $1,797 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Federal Way businesses?
183 7(a) approvals totaling $88.4 m since FY2020, across 48 lenders, median approval $197,000, plus 23 504 approvals worth $29.6 m since FY2010. These count approvals to borrowers whose address is in Federal Way, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Federal Way borrowers get paid back?
Of the 35 loans that have reached a final outcome, 33 were paid in full and 2 charged off, a charge off rate of 5.7 percent. Loans still running are excluded because they have not yet succeeded or failed.
Is Federal Way in the National Flood Insurance Program?
Yes. Federal Way appears in the FEMA Community Status Book as Federal Way, city of, community 530322, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Federal Way figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for King County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Federal Way.
Is zoning published for Federal Way?
No. Nothing on this page presents parcel level zoning.