Federal Way, WA Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,896
Monthly Cash Flow
-$1,423
Principal + Equity
$4,459
Annual Total Gain
$36,436
Cash on Cash
-11.67%
Net ROI %
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
C
Overall
Top-level market grade
Most Diverse Suburbs in Washington
#1out of 181 markets
Most Diverse Places to Live in Washington
#4out of 489 markets
Best Suburbs for Young Professionals in Washington
#47out of 181 markets
C
Public School
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Federal Way, WA.
As of September 2021, Federal Way, WA does not have specific regulations in place for short term rentals (STRs). However, it is important for investors to be aware of potential changes in regulations and to stay informed about any updates from the city government.
Investors should also consider the potential impact of STR regulations on their investment property, including potential restrictions on the number of days a property can be rented out, zoning restrictions, and licensing requirements. It is important to research and understand any potential regulations that may affect the ability to operate a short term rental in Federal Way.
Additionally, investors should consider the potential impact of STR regulations on the local housing market and community. Some cities have implemented regulations to address concerns about affordable housing, neighborhood disruptions, and the impact on local businesses.
Overall, investors should thoroughly research and understand the current regulations and potential future changes related to short term rentals in Federal Way before investing in a property for this purpose.
Market Trends Over Time
Explore 25 years of market data for Federal Way, WA, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Federal Way, WA.
The LTR Genie Score of Federal Way, WA is 50 and STR Genie Score is 50, indicating a moderate level of attractiveness for both long-term and short-term rental investments. The LTR Rentability is low, which may be due to factors such as high competition or low demand for long-term rentals in the area. The STR Genie Score is also low, possibly indicating challenges in achieving high occupancy rates or rental revenue for short-term rentals.
The LTR Net ROI of 24.9% and STR Net ROI of 26.27% suggest that both long-term and short-term rental investments in Federal Way have the potential for good returns. However, the 1-Year Price Appreciation Forecast of 0.45% may indicate slower growth in property values in the near future.
Federal Way, WA is a suburban city located between Seattle and Tacoma, offering a mix of residential neighborhoods and commercial areas. With easy access to major highways and public transportation, Federal Way is a convenient location for commuters. Real estate investors should consider the market dynamics and rental demand in Federal Way when evaluating investment opportunities.
In conclusion, Federal Way, WA may be a suitable market for both long-term and short-term rental investments, but investors should carefully analyze the specific factors affecting rentability, ROI, and market trends before making a decision. It is recommended to conduct thorough research and consult with local real estate professionals to determine the best investment strategy for this market.
