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Appraisals in
Federal Way

Washington State Licensed and Certified Appraisers serving the greater Puget Sound area.

Who does home appraisals in Federal Way?

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.

Federal Way neighborhoods and what we check

Twin Lakes

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 and the Poverty Bay shore

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

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.

Dash Point State Park edge

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.

Downtown and Mirror Lake condos

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.

More Federal Way neighborhoods and nearby unincorporated areas

  • Northlake Annexed in 2004 and named for North Lake, so permits older than that may sit in King County files and we read both before counting an added room.
  • East Redondo The part of the Redondo area that Federal Way took in during 2004; the original Redondo village by the water belongs to Des Moines.
  • Parkway The third of the 2004 annexations, and a place where King County records can still hold the permit history for older homes.
  • Buenna One of the earliest settlements on the west side, with a schoolhouse built the same year as Adelaide's, and a local guide places it just east of Adelaide.
  • Marine Hills North end hillside where a local guide counts ranch, split level and mid century modern houses, so floor plan type shapes the comp search as much as size.
  • Campus Highlands Centrally located, with mostly two story homes from the 1980s and 1990s per a local guide, which makes builder and plan the first match we look for.
  • Alderbrook A central neighborhood that a local guide dates mostly to the 1980s, where interior updates usually split otherwise similar sales.
  • Madrona Meadows South central Federal Way, built mostly from 1980 to 2000 per a local guide, so a house from either end of that span can need a different comp set.
  • Laurelwood North end homes from the 1960s and 1970s per a local guide; on houses that age, roof, windows and heating system get written up in detail.
  • Lakota The name on Lakota Middle School and on a Lakehaven treatment facility shown on the city map, and we note any sale that sits next to the plant before using it.
  • Twin Lakes Golf Course The course itself shows on the city's map inside Twin Lakes; lots along it are compared with other course lots first.
  • Dumas Bay The Dumas Bay Centre and Dumas Bay Sanctuary Park sit on this west side bay, where shoreline and bluff homes need the hazard map checked before any view adjustment.
  • Lakeland North (unincorporated) Outside city limits, bordered by Federal Way on the south and west and Auburn on the east, with 13,663 people at the 2020 Census; the city began studying annexation in April 2026.
  • Lakeland South (unincorporated) Also outside city limits, holding Fivemile Lake, Trout Lake, Lake Killarney and Lake Geneva, with 13,169 residents counted in 2020.
  • Star Lake (unincorporated) Named on the city's potential annexation map east of town; sales here are county parcels and labeled that way in our reports.
  • Camelot (unincorporated) Another place name on the annexation map outside city limits, so we confirm the parcel's jurisdiction before pulling city comps.
  • Jovita (unincorporated) East of the city on the annexation map, so we read the legal description and confirm jurisdiction before choosing comps.

What moves home values in Federal Way?

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.

What appraisals does AppraisalMS do in Federal Way?

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.

Questions Federal Way homeowners ask us

What will a Federal Way appraisal cost, and when do I get it?
We quote every Federal Way job, because the fee follows the home and the scope. Most reports take 7 to 10 days, on the date we set. Type the address up top or phone (425) 967-3498.
Can I hire you myself for a Federal Way property?
Yes. Estate, divorce, pre listing, tax appeal and relocation reports can be ordered straight from us; mortgage appraisals come through your lender. You hear back within one working day.
How do you appraise a bluff or waterfront home on Poverty Bay?
We split true waterfront, bluff top view lots and filtered view homes, and compare each with its own kind. The report notes what the city's hazard map shows for the lot.
Do you handle Federal Way condos and townhomes?
Yes. Our team is very experienced with townhomes, condos and every attached dwelling type, including downtown and Mirror Lake condos near light rail. Dues, reserves and assessments go in the report.
Which school district covers a Federal Way home?
Federal Way Public Schools covers the whole city plus parts of Kent, Des Moines, Auburn and both Lakeland areas. Dash Point, over the Pierce line, uses Tacoma Public Schools.
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