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Property Managers in Federal Way, WA

Compare top property management companies in Federal Way, WA. Review services and vetting status, then reach out or request a free quote.

Bell-Anderson & Associates, LLC
Heidi Carrell
Kent, WA [ Serves Seattle, Tacoma, Kent, Renton +17 more ]
Unverified
Bell-Anderson and Associates, LLC has been in business for well over 65 years. In 1969, Mr. Don Bell and Mr. Gerry Anderson opened the Property Management Division of their real estate company. In Sept. of 2002 the company was sold to Tim and Vickie Gaskill. Vickie has been with Bell-Anderson since 1986. "Our Family Serving Your Family" is the Bell-Anderson Motto. We treat all of our owners and tenants with the utmost in courtesy and respect giving them the most professional property management experience available.
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NWHomes4You.com
Dick Johnson
Puyallup, WA [ Serves Tacoma, Auburn, Federal Way, Lakewood +7 more ]
Unverified
 Dick Johnson, Designated Broker and owner of NWHomes4You has been in the real estate and property management field for over 35 years. As a former member of the armed forces he knows the needs of the landlords and tenants and how to help buyers and sellers accomplish their real estate goals. Dick has a BA and an MBA and is a member of the National Assoication of Residential Property Managers where he is the local Pierce County Vice President. We welcome your viewing of our web site, www.nwhomes4you.com . As our phone number, 253-770- 5280   says, "we go the extra mile". (How many feet in a mile? Answer: 5280 )              
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Coldwell Banker Commercial-Danforth & Associates, Inc. PM
Byron Hiller
Federal Way, WA
Unverified
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Coldwell Banker Commercial-Danforth & Associates, Inc. PM
Linda L Bryan
Federal Way, WA
Unverified
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Rental market in Federal Way: above-average rents

Three-bedroom rents in Federal Way run about 45% above the national average, a clear premium over the national norm. The same data shows Census rent up about 30.3% over five years, renters in 44.6% of homes, and a population of 2,287,171, up 4.2% over five years. The typical home is valued near $859,900, and the median household earns about $124,746 a year, with renters spending a median 28.6% of income on rent.

Market at a glance

Rents & affordability

+43% 2-bed vs U.S. rent
+45% 3-bed vs U.S. rent
+47% 4-bed vs U.S. rent
+30.3% Rent trend, 5-yr
28.6% Rent-to-income

People & households

44.6% Renter-occupied
2,287,171 Population
+4.2% Population, 5-yr
$124,746 Median household income

Housing stock

6.2% Vacancy rate
$859,900 Median home value
1983 Median year built
55.5% Single-family homes

Jobs

4.7% Unemployment rate
Rent vs the U.S. average, by bedroom size
U.S. average 2-bed +43% 3-bed +45% 4-bed +47%
Who rents vs owns
Renters 44.6% Owners 55.4%

Professional property management in Federal Way typically covers pricing, listings, tenant screening, rent collection, and repairs. About 55.5% of local housing is single-family, a common focus for rental owners. With vacancy near 6.2%, rent positioning and days on market can shape your return. Area unemployment is 4.7% as of August 2026. See the managers above and ask for a free quote.

All rent figures cover long-term residential leases, not short-term or vacation stays. Commercial rents are not listed, but they generally follow local residential movement, so the signal above still applies to you.

Frequently asked questions

How do rents in Federal Way compare to the national average?

Versus the national average: two-bedroom +43%, three-bedroom +45%, four-bedroom +47%. Each figure compares a bedroom size to the typical U.S. rent, not a rent we set.

Are rents rising in Federal Way?

Census median gross rent rose about 30.3% over the last five years.

Is Federal Way a good market for rental property?

Rents here have risen in recent years, which can favor owners who buy at the right price. Renters make up 44.6% of households and vacancy sits near 6.2%. Three-bedroom rents run about 45% above the national average, and rents rose about 30.3% over five years.

How strong is rental demand in Federal Way?

Renters make up 44.6% of the housing, and the population of 2,287,171 grew 4.2% over five years. Vacancy runs near 6.2%.

Rent shown as a deviation from the typical U.S. rent, a national average weighted by renter population, from HERO and HUD reference data. Demographics, population, and rent trend from the U.S. Census Bureau ACS 2020-2024 5-year estimates at the county level, with the five-year trend measured against the 2015-2019 estimates. Unemployment from the U.S. Bureau of Labor Statistics (August 2026).