Federal Way zip code encompasses a diverse and thriving community in Washington state. This city boasts a blend of residential neighborhoods, bustling commercial centers, and scenic natural areas. From its rich history to its dynamic present, Federal Way offers a unique mix of urban amenities and suburban charm.
This guide delves into the key aspects of Federal Way, exploring its demographics, housing market, infrastructure, local businesses, and economic landscape. We’ll uncover the factors that make this city a desirable place to live, work, and play.
Demographics and Population: Federal Way Zip Code
Federal Way is a vibrant and diverse city with a population that reflects its rich history and ongoing growth. This section delves into the demographics and population trends of Federal Way, providing insights into its unique characteristics.
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Age Distribution
The age distribution in Federal Way showcases a balanced mix of generations.
- According to the 2020 U.S. Census, the median age in Federal Way is 37.6 years, indicating a relatively young population compared to the national average.
- The city has a significant population of residents aged 25 to 44, reflecting a thriving working-age population.
- The city also has a considerable number of residents aged 65 and over, contributing to a diverse age demographic.
Ethnicity and Race
Federal Way boasts a diverse population with a rich tapestry of ethnicities and races.
- The 2020 U.S. Census data reveals that White residents constitute the largest ethnic group in Federal Way, followed by Asian residents, and then Hispanic or Latino residents.
- The city’s diversity is further reflected in its significant population of Black or African American residents, as well as residents identifying as two or more races.
Income Levels
The income levels in Federal Way reflect a diverse socioeconomic landscape.
- The median household income in Federal Way is $85,558, according to the 2020 U.S. Census.
- The city has a range of income levels, with a notable percentage of residents earning above the national median income.
- However, Federal Way also has a segment of the population facing income challenges, highlighting the need for social and economic support programs.
Population Growth Trends, Federal way zip code
Federal Way has experienced steady population growth over the past decade.
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- The city’s population has increased by approximately 10% since 2010, according to U.S. Census data.
- This growth can be attributed to factors such as its proximity to Seattle, its affordable housing options, and its thriving business sector.
Socioeconomic Characteristics
Federal Way’s socioeconomic characteristics reflect a mix of urban and suburban influences.
- The city has a strong economy, with major employers in industries such as retail, healthcare, and technology.
- Federal Way offers a variety of housing options, from single-family homes to apartments, catering to different income levels.
- The city is home to a diverse community, with a strong sense of belonging and a commitment to inclusivity.
Housing and Real Estate
Federal Way offers a diverse range of housing options, catering to different lifestyles and budgets. The city’s real estate market is dynamic, influenced by factors such as location, property type, and market trends.
Average Home Prices and Rental Rates
Average home prices in Federal Way vary depending on the neighborhood, size, and features of the property. According to Zillow, the median home value in Federal Way as of October 2023 is around $600,000. This figure reflects a steady increase in recent years, driven by factors such as low interest rates and a growing demand for housing.
Rental rates also vary based on factors such as apartment size, amenities, and location. On average, a one-bedroom apartment in Federal Way can range from $1,500 to $2,000 per month.
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Property Taxes
Property taxes in Federal Way are levied by King County and are based on the assessed value of the property. The current property tax rate in Federal Way is approximately 1.05% of the assessed value. This means that for a property assessed at $500,000, the annual property tax would be around $5,250.
Types of Housing
Federal Way offers a diverse range of housing options to suit different needs and preferences. These include:
- Single-family homes:These detached homes are popular choices for families and individuals seeking space and privacy. They often come with yards and garages, providing ample living space and outdoor amenities.
- Apartments:Apartments are a common housing choice in Federal Way, offering various sizes and layouts. They can range from studio apartments to multi-bedroom units, catering to different needs and budgets.
- Condominiums:Condos offer a blend of single-family home features with the convenience of apartment living. They typically come with shared amenities such as swimming pools, fitness centers, and community spaces.
- Townhouses:Townhouses offer a more compact living experience, often featuring multiple levels and shared walls with neighboring units. They can be a good option for those seeking a sense of community and lower maintenance requirements.
Comparison to Nearby Cities
When comparing Federal Way’s real estate market to nearby cities, it’s important to consider factors such as location, amenities, and overall cost of living. Compared to Seattle, Federal Way offers a more affordable housing market, with lower home prices and rental rates.
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Infrastructure and Amenities
Federal Way is a city with a well-developed infrastructure that caters to the needs of its residents and businesses. The city has a robust transportation network, efficient public utilities, and access to quality healthcare facilities. In addition to these essential services, Federal Way offers a range of amenities, including shopping centers, parks, recreational facilities, and educational institutions, enhancing the overall quality of life for its residents.
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Transportation
Federal Way’s transportation system is designed to provide efficient connectivity within the city and to surrounding areas. The city is served by a network of highways, including Interstate 5, State Route 167, and State Route 509, which connect Federal Way to major cities in Washington state, including Seattle, Tacoma, and Olympia.
The city also has a robust public transportation system, including King County Metro buses, Sound Transit Link light rail, and Sounder commuter rail. These services provide residents with convenient and affordable options for commuting to work, school, and other destinations.
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Public Utilities
Federal Way benefits from a reliable and efficient public utility system. The city is served by the City of Federal Way’s Water Department, which provides clean and safe drinking water to residents. The city also has a modern sewer system that ensures proper waste disposal and sanitation.
Puget Sound Energy is the primary provider of electricity and natural gas to Federal Way, ensuring reliable energy services for residents and businesses.
Healthcare
Federal Way is home to several healthcare facilities, providing residents with access to quality medical care. The city has a large hospital, MultiCare Health System’s Federal Way Medical Center, which offers a wide range of medical services, including emergency care, surgery, and specialized treatments.
In addition to the hospital, Federal Way has numerous clinics, urgent care centers, and pharmacies, ensuring residents have access to a comprehensive healthcare system.
Shopping Centers
Federal Way boasts a variety of shopping centers, catering to the diverse needs of its residents. The city’s largest shopping center is the Federal Way Commons, a mixed-use development featuring department stores, specialty shops, restaurants, and entertainment venues. Other prominent shopping centers in Federal Way include the Southcenter Mall, a regional shopping destination with a wide range of retail stores, and the Pacific Plaza Shopping Center, a smaller shopping center with a focus on local businesses.
Parks and Recreational Facilities
Federal Way has a network of parks and recreational facilities, providing residents with opportunities for outdoor recreation and leisure activities. The city’s largest park is the Dash Point State Park, a scenic waterfront park offering hiking trails, beaches, and camping facilities.
Other notable parks in Federal Way include the Wild Waves Theme Park, a popular amusement park with water slides and thrill rides, and the Federal Way Golf Course, an 18-hole golf course offering challenging play and scenic views.
Educational Institutions
Federal Way is home to a variety of educational institutions, providing residents with access to quality education at all levels. The city is served by the Federal Way Public Schools, a large school district offering a comprehensive range of educational programs from preschool to high school.
Federal Way also has a community college, Highline College, offering associate degrees and vocational training. In addition to public schools and the community college, Federal Way has several private schools, providing parents with alternative educational options for their children.
Libraries
Federal Way has a well-developed library system, providing residents with access to a wealth of resources and services. The city’s main library, the Federal Way Library, is a modern facility offering a wide range of books, periodicals, computers, and other resources.
The library also hosts a variety of programs and events, including book clubs, author talks, and educational workshops.
Last Point
Federal Way zip code represents a dynamic and evolving community with a bright future. Whether you’re considering relocating, exploring investment opportunities, or simply seeking a deeper understanding of this vibrant city, this guide provides a comprehensive overview. From its welcoming atmosphere to its diverse amenities, Federal Way offers a compelling blend of urban convenience and suburban tranquility.
Helpful Answers
What is the main zip code for Federal Way?
The primary zip code for Federal Way, Washington is 98003.
What are the other zip codes in Federal Way?
Federal Way also includes portions of zip codes 98023 and 98068.
Is Federal Way a good place to live?
Federal Way is known for its family-friendly atmosphere, affordable housing options, and access to both urban and outdoor amenities.
What are some popular attractions in Federal Way?
Popular attractions in Federal Way include the Federal Way Performing Arts and Event Center, Dash Point State Park, and the Pacific Bonsai Museum.