98023 Zip Code

April 20, 2024

Zip Code:	98023
City/Town:	Federal Way
State:	Washington

Population:	47,510
Per Capita Income:	$29,352
Mean Household Income:	$77,817

Total Housing Units:	16,912
Median Home Value:	$177,300
Median Year Homes Built:	1981

Land Area:	10.3 sq miles 26.7 sq kilometers
Water Area:	1.4 sq miles 3.6 sq kilometers

Population Information (98023 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Total Population:

47,510

Male:

23,538

49.5%

49.2%

Female:

23,972

50.5%

50.8%

Median Age:

35.6 yrs

37.2 yrs

Under 5 years:

3,177

6.7%

6.5%

5 to 9 years:

3,231

7.8%

6.6%

10 to 19 years:

7,393

15.6%

13.8%

20 to 29 years:

6,596

13.9%

13.8%

30 to 39 years:

6,112

12.9%

13.0%

40 to 49 years:

7,180

15.1%

14.2%

50 to 59 years:

6,922

14.6%

13.6%

60 to 69 years:

4,242

8.9%

9.4%

70 to 79 years:

1,748

3.7%

5.4%

80 years and over:

909

1.9%

3.7%

Housing Information (98023 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Median home value:

$177,300

$119,600

Median year homes build:

1981

1971

Median real estate taxes:

$2,274 / yr.

$1,334 / yr.

Median rent:

$710 / mo.

$519 / mo.

Total households:

16,912

Family households:

12,250

72.4%

66.4%

Nonfamily households:

4,662

27.6%

33.6%

Households with individuals under 18 years:

6,415

37.9%

33.4%

Households with individuals 65 years and over:

3,093

18.3%

24.9%

Average household size:

2.8

Average family size:

3.2

Total housing units:

18,026

Occupied housing units:

16,912

93.8%

88.6%

Vacant housing units:

1,114

6.2%

11.4%

For rent:

541

3.0%

3.1%

Rented, not occupied:

0.1%

0.2%

For sale only:

220

1.2%

1.4%

Sold, not occupied:

0.3%

For seasonal, recreational, or occasional use:

0.4%

3.5%

All other vacants:

203

1.1%

2.8%

Homeowner vacancy rate:

1.9%

2.4%

Rental vacancy rate:

8.4%

9.2%

Owner-occupied housing units:

11,027

Population in owner-occupied housing units:

31,184

Average household size of owner-occupied units:

2.8

2.65

Renter-occupied housing units:

5,885

Population in renter-occupied housing units:

16,135

Average household size of renter-occupied units:

2.7

2.44

Educational Attainment (98023 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Population 25 years and over

29,487

Less than 9th grade:

865

2.9%

6.2%

9th to 12th grade, no diploma:

1,749

5.9%

8.7%

High school graduate (includes equivalency):

6,555

22.2%

29.0%

Some college, no degree:

8,671

29.4%

20.6%

Associate degree:

2,958

10.0%

7.5%

Bachelor's degree:

6,367

21.6%

17.6%

Graduate or professional degree:

2,322

7.9%

10.3%

Percent high school graduate or higher:

91.1%

85.0%

Percent bachelor's degree or higher:

29.5%

27.9%

Income Information (98023 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Mean household income:

$0 / yr.

$70,883

Per capita income:

$0 / yr.

$27,334

Males 15 years and over with income:

16,262

34.2%

50.4%

Median income:

$38,681 / yr.

$27,932 / yr.

Full-time, year-round workers:

10,243

21.6%

59.7%

Median income:

$46,497 / yr.

$38,349 / yr.

Females 15 years and over with income:

15,362

32.3%

49.6%

Median income:

$22,292 / yr.

$16,327 / yr.

Full-time, year-round workers:

6,711

14.1%

40.3%

Median income:

$32,881 / yr.

$28,135 / yr.

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