Federal Way, WA: Fair Market Rent by ZIP Code (FY2027)
ZIP-level rents for Federal Way in King County, effective October 1, 2026.
Data: HUD FY2027 Small Area FMRs (effective October 1, 2026), Census ACS 5-Year 2020–2024. Spot-checked against the official sources on November 5, 2026 (results). Last site change: November 10, 2026 (changelog).
Federal Way is in King County. HUD sets one Fair Market Rent for the whole Seattle-Bellevue, WA area, $2,549 for two bedrooms in FY2027. Bedroom sizes, Section 8 payment standards and income limits for the county are on the King County fair market rent page. This page shows what differs inside Federal Way: the ZIP-level rents HUD publishes for metro areas and Census figures for the city itself.
Federal Way fair market rent by ZIP code (FY2027)
The two-bedroom Small Area FMR runs from $2,240 (ZIP 98003) to $2,340 (ZIP 98023). 0 of 2 ZIP codes are above the area figure, 2 below it.
| ZIP | 0 BR | 1 BR | 2 BR | 3 BR | 4 BR | 2 BR vs area FMR |
|---|---|---|---|---|---|---|
| 98003 | $1,840 | $1,920 | $2,240 | $2,920 | $3,470 | −12% |
| 98023 | $1,920 | $2,000 | $2,340 | $3,050 | $3,630 | −8% |
ZIP codes with at least 30% of their land area inside Federal Way (Census 2020 ZIP code tabulation areas). Mail ZIP codes and ZCTAs can differ slightly at the edges.
Source: HUD FY2027 Small Area FMRs (effective October 1, 2026, claims ledger), how SAFMRs work.
Rent in Federal Way compared with King County
The median gross rent in Federal Way is $1,797 a month (±$41), 14% lower than in King County as a whole ($2,092). Renter households in Federal Way earn a median $61,305 a year (±$5,153), against $85,547 county-wide. The typical rent takes 35% of the typical renter income, and 61% of renters pay 30% or more of their income on rent.
Source: Census Bureau, American Community Survey 5-Year 2020–2024 (tables B25064, B25119, B25070), place and county level.
Section 8 in Federal Way
Where the housing authority uses ZIP-level figures, the voucher payment standard is normally 90% to 110% of the ZIP's Small Area FMR: for a two-bedroom unit in Federal Way that is about $2,016 to $2,574 depending on the ZIP code. Otherwise the county-wide FMR applies. See payment standards and income limits for King County or estimate the tenant share with the Section 8 calculator.