Washington State Licensed and Certified Appraisers serving the greater Puget Sound area.
AppraisalMS appraises Federal Way homes for purchases, refinances, estates, divorces and property tax appeals, working from our Lynnwood office. For a quote, put the street address in the box at the top of the page or phone (425) 967-3498.
The city lies entirely in King County, with Pierce County at its southern edge. It incorporated in 1990, per HistoryLink, and the 2020 Census counted 101,030 residents. Redfin put the August 2026 median sale price, all Federal Way home types, at $614,593.
HistoryLink dates this housing community to 1965, around Lake Jeane and Lake Lorene, and the city map puts Twin Lakes Golf Course here. Each sale is sorted into lake frontage, course frontage or neither first.
Adelaide had a schoolhouse by 1887 and now reaches the water along Marine View Drive SW. Recent Redfin sales mix true waterfront with Sound view bluff homes, two separate markets. Slope lots also get checked against the city's landslide hazard map.
Steel Lake's school dates to 1891. The park holds the south shore, with the Steel Lake Annex subdivision below it. Private frontage can lack a close match, so the report shows how far we searched.
This 398 acre park is inside the city but crosses into Pierce County, and the Dash Point community west of it is unincorporated Pierce County with Tacoma schools. Out west we confirm the county first.
Federal Way Downtown station opened December 6, 2025, on 23rd Avenue South near South 320th. Mirror Lake listings lean to condos. Few have resold since the opening, so we let sales show whether light rail moved prices.
Where the parcel sits matters most: city or county, King or Pierce, water or bluff. Then lake frontage, condition and condo dues. Light rail is too new to price by rule.
Lenders send us purchase, refinance and FHA orders. Owners and attorneys hire us for estate, divorce, pre listing and relocation work. Contesting an assessment? Read our property tax appeal guide before you file.
Expect a friendly team, progress updates and the report on the day we promised. Gerry wrote Washington State real estate and appraisal continuing education curriculum, so our reports explain their reasoning: if a bluff lot is in a mapped hazard area, the report says what that means for value in plain words.
Request a Federal Way appraisal from AppraisalMS. Enter the address at the top of the page, use the form, or call our friendly team anytime.
Request an AppraisalOr call us: (425) 967-3498