Federal Way has grown 30%
Federal Way has grown 30% in the past 20 years! So, if you are looking for rental properties and income, this may be the place to look next!
First of all, Federal Way is a burgeoning city for rental properties. Located right in between Seattle and Tacoma, The average household income in this diverse city is $84,665. In recent years, the median rental costs average $1,334 per month, and the median house value is $328,800. The median age is 35.8 years, 34.4 years for males, and 37.5 years for females. Very young median age is the prime age for renters.
Federal Way Spells Multi-Family Opportunity
Whether someone wishes to invest in Apartment Buildings, Single-family homes, or multiple-family homes, Federal Way is a good choice. Around 44% of the city rents! Safe Harbor Property Management is the first-choice provider for those who wish to invest in Real Estate Rental Properties but don’t wish to actively manage the properties.
What to do
In terms of activities, Federal Way has all the bases covered. Dash Point Park, Rhody Garden, aka the Rhododendron and Bonsai Gardens is a nature lovers’ dream. But the real draw is Wild Waves Theme Park.
This theme park is fun for all ages, just located in the south part of the city. Shopping, Golf courses, wineries, restaurants, and activities for kids abound here. But best of all, Federal Way is close to Seattle, Tacoma, Auburn, Bellevue, and Renton. So anyone who works anywhere in this corridor can call Federal Way home. These are many reasons that Safe Harbor
Property Management has chosen to work in South King County.
Safe Harbor has decades of success in Tennant Screening, Rental Collection, Property Management, Property Maintenance, and Property Investment consultation. We manage properties in Pierce County, King County, Thurston County and are quickly expanding.
If needing Property Management is in your future, please give us a call. We’d love to show you around Federal Way or anywhere else in the area!