Performance indicators for the Federal Way short-term rental market based on reliable data.
Listings
Reliable / Active
Cap Rate
Middle-Earners Gross Yield
Revenue
Middle-Earners Revenue
Occupancy
Middle-Earners Occupancy
Home Value
Median Home Sale Price
Top Earners
Top-Earners Revenue
The highest-performing listings in Federal Way.
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Generally Investor friendly
STRs are explicitly allowed in single‑family zones under a city interpretation, with clear online licensing (city business license + state DOR registration), basic consumer‑safety and insurance requirements, and no numeric caps—only operational rules like occupancy, parking, signage, local contact, HOA notice and weekly trash collection. The compliance path is known and manageable, but costs and obligations (e.g., $1M liability insurance and safety postings) keep it short of “very friendly.”
Local STR Agent
STR specialist · Federal Way, WA
Federal Way is a city in King County, Washington, United States and part of the Seattle metropolitan area. One of the most recently incorporated cities in the county, its population was 101,030 at the 2020 census. Federal Way is the 10th most populous city in Washington and the 5th most populous in King County.