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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 market also 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%

In Federal Way, a professional property manager can take on pricing, marketing, screening, collections, and upkeep so you do not have to. 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. Compare the managers above and request a free quote.

Rents here are long-term residential, not vacation or short-term. Non-residential property is not priced above, though its rents usually track the same local direction, so the residential trend is still a useful guide.

Frequently asked questions

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

Measured against the U.S. 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 data shows median gross rent rose about 30.3% across five years.

Is Federal Way a good market for rental property?

This market has seen rents increase, an advantage for a well-timed purchase. 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 occupy 44.6% of homes, 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).