4 ZIP Code Tabulation Areas in Federal Way, Washington. The population-weighted median household income is about $97,421, the median home value about $574,248, and 62.9% of occupied homes are owner-occupied.
- 4
- ZIP codes
- 161.2K
- Population
- 54
- Data points
Federal Way at a glance
- $97,421
- Median household income
- $574,248
- Median home value
- 38.2
- Median age
- 62.9%
- Owner-occupied
- 59,078
- Housing units
Income, home value, and age are population-weighted averages of the ZIP-level medians in the file. Counts are exact.
Top 4 Federal Way ZIP codes by median household income| # | ZIP | City | Population | Homeowner % | Median HH $ |
|---|
| 1 | 98422 | Browns Point | 21,644 | 78.1% | $118,604 |
| 2 | 98001 | Algona | 37,460 | 73.9% | $106,791 |
| 3 | 98023 | Des Moines | 50,448 | 65.6% | $104,893 |
| 4 | 98003 | Federal Way | 51,619 | 46.9% | $75,319 |
Top 4 Federal Way ZIP codes by population| # | ZIP | City | Population | Homeowner % | Median HH $ |
|---|
| 1 | 98003 | Federal Way | 51,619 | 46.9% | $75,319 |
| 2 | 98023 | Des Moines | 50,448 | 65.6% | $104,893 |
| 3 | 98001 | Algona | 37,460 | 73.9% | $106,791 |
| 4 | 98422 | Browns Point | 21,644 | 78.1% | $118,604 |
Top 4 Federal Way ZIP codes by Homeowner GDP| # | ZIP | City | Population | Homeowner % | Median HH $ | Homeowner GDP |
|---|
| 1 | 98023 | Des Moines | 50,448 | 65.6% | $104,893 | $1.2B |
| 2 | 98001 | Algona | 37,460 | 73.9% | $106,791 | $945.4M |
| 3 | 98422 | Browns Point | 21,644 | 78.1% | $118,604 | $744.7M |
| 4 | 98003 | Federal Way | 51,619 | 46.9% | $75,319 | $664.2M |
Homeowner GDP = owner-occupied units × median household income — a proxy for aggregate homeowner spending power in a ZIP, useful for scoring market opportunity. Not an official economic statistic.
Densest: 98023 (Des Moines) at 4,920 people/sq mi. Least dense: 98001 (Algona) at 2,010 people/sq mi.
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