Federal Way Homes under $500,000

Welcome to Federal Way, Washington—a vibrant city nestled in the heart of King County, just south of Seattle. Known for its stunning natural beauty and a rich tapestry of community life, Federal Way offers residents a perfect blend of suburban tranquility and urban convenience. With its picturesque parks, including the expansive Dash Point State Park, and the scenic waters of Puget Sound, outdoor enthusiasts will find plenty to explore.

Federal Way is also home to a thriving cultural scene, featuring the popular Wild Waves Theme & Water Park and a variety of shopping and dining options that cater to every taste. The city boasts excellent schools and a strong sense of community, making it an ideal place for families, young professionals, and retirees alike.

If you’re in the market for a home, Federal Way has an array of options under $500,000, making it an attractive choice for first-time buyers and those looking to invest in the area. From charming single-family homes to cozy townhouses, you’ll find properties that offer both comfort and value. Many of these homes are located in friendly neighborhoods, providing a welcoming atmosphere for new residents.

With its strategic location, excellent amenities, and affordable housing options, Federal Way is truly a hidden gem in Washington State. Whether you’re looking to settle down or simply explore, this delightful city offers a lifestyle that balances the best of nature and community living. Come discover your dream home in Federal Way today!

Newest Federal Way Homes under $500,000

3213 SW 319th Place Unit #19, Federal Way

$499,950

4 Beds ⋅ 3 Baths ⋅ 2595495 MLS ⋅ ACTIVE Status

Completely transformed with a brand-new custom kitchen and down-to-the-studs bathroom remodels, this beautifully updated Quail Run townhome offers high-end luxury paired with a rare main-floor primary suite. Inside, soaring cathedral ceilings and a stunning floor-to-ceiling ledgestone fireplace frame an inviting main level featuring gleaming hardwood floors, brand-new windows, and a completely reimagined gourmet kitchen complete with soft-close cabinetry, an appliance trolley, a pot filler, striking decorative tile, and stainless steel appliances. Every bathroom has been stripped to the framing and rebuilt with fresh designer finishes, modern tilework, and upscale fixtures for a true spa-like experience. The fully finished lower level expands your living space with a huge media/family room anchored by a cozy second fireplace, a tiled laundry area, a flexible craft/bonus room, and two additional bedrooms—including one with a private patio that makes an ideal home office. Complemented by a private front entry courtyard, a brand-new back deck, updated furnace and water heater, all-new plumbing and electrical systems, and a large two-car garage with loft storage, this turnkey home offers absolute peace of mind alongside resort-style community amenities including a clubhouse, pool, sauna, and tennis courts.

3213 SW 319th Place Unit #19, Federal Way

Listing Broker: Windermere Prof Partners; Greg Devey; 253-973-7786; gregdevey@windermere.com

509 S 323rd Place Unit #12H, Federal Way

$204,999

1 Beds ⋅ 1 Baths ⋅ 2595147 MLS ⋅ ACTIVE Status

A welcoming first home, a comfortable place to downsize, or an investment opportunity (no rental cap!), this ground-floor end unit pairs coffee shop coziness with park-like tranquility. Mature landscaping offers surprising privacy while conveniently located next to the clubhouse, outdoor pool and fully-fenced dog run. Enjoy single-level living with no stairs, an outside entry, 1 bed and 1 full bath. Curl up beside your wood-burning fireplace with a book or morning brew. An eat-in kitchen and dining area offer space to savor a meal, while a walk-in closet keeps essentials tucked away. All appliances stay, including in-unit washer/dryer! Enjoy quiet mornings on your private patio overlooking greenery and yard space. Assigned parking, guest parking and RV parking add convenience to this welcoming community. Nearby restaurants, shops, Commons Mall, Celebration Park, & Federal Way Performing Arts Center offer plenty to explore. Kaiser Permanente & St. Francis Hospital are nearby for accessible medical care. Walk or bike the BPA Trail, Redondo Park with boardwalk, beach, and pier, or head to Dash Point State Park for beaches, trails and camping. Two main bus lines within walking distance and nearby Federal Way light rail station expand commuting options to Sea-Tac Airport, Seattle, Tacoma. Insulated windows add comfort to this cozy retreat, where a true neighborhood feel and everyday conveniences make it easy to feel at home. Settle in and enjoy a place that fits your next chapter.

509 S 323rd Place Unit #12H, Federal Way

Listing Broker: 1 Percent Lists Tacoma; Chad Nolan; 253-459-0235; chadn@1percentlists.com

33020 10th Avenue SW Unit #W104, Federal Way

$309,950

1 Beds ⋅ 1 Baths ⋅ 2595306 MLS ⋅ ACTIVE Status

Resort like living at the Latitude Condominiums. Beautiful, Spacious master bedroom with Full Bath, fully remodeled, Ground Floor, no steps, condo with rare "Attached" full size width, extra deep, Garage with new epoxy floor! Plenty of room for car and storage. Featuring new interior paint, newer carpet, new kitchen and appliances, open living/dining area with cozy fireplace and walk-in pantry/utility closet with washer/dryer off Kitchen, garage entry off utility room. Beautiful park like community with plenty of walking space, Club house, pool, spa, and sauna. Conveniently located close to I-5/HWY 18 access and minutes from variety of restaurants, schools, shopping, Aquatic Center, recreation, trails, Dash point beaches and Light Rail Transit Center. Dues include Water/Sewer/Garbage. Move in ready.

33020 10th Avenue SW Unit #W104, Federal Way

Listing Broker: John L. Scott, Inc.; Stu Collins; 253-797-6254; stucollins@johnlscott.com

$499,000

3 Beds ⋅ 2 Baths ⋅ 2590161 MLS ⋅ ACTIVE Status

Light filled & Turn Key Commuter's Dream In Federal Way. Tucked away in a quiet, peaceful neighborhood while keeping you close to the action, this move-in ready 3 bedroom, 1.5 bathroom home delivers modern comfort, BRAND NEW ROOF, and fantastic outdoor living. The main living space greets you with soaring vaulted ceilings, skylights, and a cozy wood-burning fireplace. Everyday living is made easy with LVP flooring, updated bathrooms, and a brand-new 30-year roof overhead for complete peace of mind. The charming galley-style kitchen features warm butcher block countertops, dining area and a sleek stainless steel appliance package, while the spacious 2-car garage offers plenty of room for vehicles, storage, or a workshop setup. Step out back to your private retreat featuring mature landscaping, an expansive Trex deck ideal for weekend BBQs, and full privacy from neighboring homes. Commuters will love the quick access to I-5, local transit, shopping centers, and dining. Move right in and enjoy seamless South Sound living!

36129 24th Place S, Federal Way

Listing Broker: COMPASS; Jesse Misener; 360-606-9367; jesse.misener@compass.com

3001 S 288th Street Unit #34, Federal Way

$50,000

2 Beds ⋅ 1 Baths ⋅ 2594757 MLS ⋅ ACTIVE Status

All ages Park- This home has a brand new roof put on in April as well as a new heat pump and heating system for the entire home. Enough parking space for three or four cars. Very kid friendly. It's very much move in ready, just come and put your finishing touches on it and make it yours. Steel Lake and Park is just a mile or two away. great for Barbecuing Or just hanging out. Reach out to your real estate agent and book a tour. Do it quickly because this place won't last. It's hard to find a home under 50K these days. Especially ones that have a new heat pump and roof.

3001 S 288th Street Unit #34, Federal Way

Listing Broker: Seattle Works Real Estate; Chad Sanek; 206-790-1813; Sanekhomes@gmail.com

$445,000

3 Beds ⋅ 1 Baths ⋅ 2592307 MLS ⋅ ACTIVE Status

Convenient & comfortable 3 BR, 1bth rambler only 1.1 mile away from 1-5 & light rail access, brick steps invite you to covered porch, spacious stone entry. You are greeted by fresh paint & new blinds along with easy to maintain laminate floors. Step up to living room, then open kitchen/dining/family room with calming stone fireplace. French doors invite you to enjoy peaceful wooded outlook in any weather from covered deck. Kitchen offers new over stove microwave, new pull down kitchen faucet/ sprayer, newer stove, & refrigerator. Convenient hall laundry with newer washer & dryer included. Bath updated with newer cabinetry & new fan/light. Newer gas furnace and water heater; windows upgraded to vinyl thermopane. Brand new attic and subfloor insulation and new vapor barrier too; newer roof has been recently cleaned. Mature trees offer nice combination of sun & shade. Fenced back yard encloses handy storage shed & behind home is a covered and screened enclosure served by 220V outlet which is ideal for hot tub. Fruit trees & garden space top off the pleasant, gently sloping fully fenced back yard with lots of room to cavort. All kinds of shopping, services and bus stop a short walk south - a great value.

2508 S 284th Street, Federal Way

Listing Broker: Skyline Properties, Inc.; Rose Santos; 425-455-2065; rosezagar@outlook.com

32110 45th Place SW Unit #B-4, Federal Way

$225,000

3 Beds ⋅ 2 Baths ⋅ 2594063 MLS ⋅ ACTIVE Status

Opportunity in Maplewood! This 3-bedroom, 1 1/2-bath ground-floor condo is more than livable and ready for a buyer who is willing to put in some TLC. The home primarily needs cleaning, freshening up and cosmetic updates to make it shine. No major renovation is required to enjoy the home while making improvements over time. The 993 sq ft floor plan includes 3 bedrooms, 1 full bath and 1/2 bath, plus washer/dryer hookups. Maplewood offers desirable community amenities including a seasonal swimming pool and sport court. This is a great opportunity for a buyer who wants to build some sweat equity, an investor, or someone looking for an affordable home they can personalize. Seller is highly motivated and selling strictly as-is. Bring your ideas, bring your offer, and make this Maplewood condo your own!

32110 45th Place SW Unit #B-4, Federal Way

Listing Broker: Better Properties Kitsap; Stanley Yeadon; 360-710-8815; justcallmestan@msn.com

2101 S 324th Street Unit #324, Federal Way

$79,000

2 Beds ⋅ 2 Baths ⋅ 2593277 MLS ⋅ ACTIVE Status

Beautiful golf-course views, stylish updates, and a welcoming setting make this home a standout in Belmor Estates! Near the 5th tee in this gated 55+ community, this 2-bedroom, 1.75-bath double-wide offers approx. 1,060 sq ft of bright, comfortable single-level living. Expansive windows fill the spacious living room with natural light, complemented by stylish vinyl plank flooring, fresh interior paint, and updated fixtures. The adjoining dining area features beautiful built-in cabinetry with glass-front doors, while the inviting kitchen offers white cabinets, generous counter space, a breakfast bar, and ample storage. Enjoy a private primary ensuite bath, a flexible second bedroom for guests or hobbies, and a separate laundry area. Big-ticket improvements include a NEW HEAT PUMP WITH A/C (8/2024) for year-round comfort, plus NEW APPLIANCES AND GARBAGE DISPOSAL. Outside, a new garden, fresh landscaping and lawn, mature greenery, and a paved garden walkway add outdoor charm. A long covered carport, ramped entry, and detached storage shed add everyday convenience. Belmor Estates offers a resident-use 9-hole golf course, indoor pool, spa, sauna, exercise room, clubhouse, library, game room, and craft room. Enjoy convenient access to shopping, dining, medical services, I-5, and Federal Way Downtown light rail. Don't miss the opportunity to enjoy fairway-side living with major upgrades already in place! Schedule your private showing today and discover what makes this home special!

2101 S 324th Street Unit #324, Federal Way

Listing Broker: Windermere RE South Sound, Inc; Petru Mihaluta; 425-505-0595; petru@windermere.com

$495,000

3 Beds ⋅ 1 Baths ⋅ 2589405 MLS ⋅ ACTIVE Status

EXCEPTIONALLY MAINTAINED & FULLY UPDATED RAMBLER in Federal Way's established Mirror Lake neighborhood! Boasting bright, single-level living on a flat, fully fenced 8,400 SF lot. Step inside to an inviting open-concept layout featuring FRESH 2026 INTERIOR PAINT, gleaming refinished hardwoods, new LVP, and new carpet. The heavy lifting has all been done: WHOLE-HOUSE PEX PLUMBING, on-demand tankless hot water, solar attic ventilation, reinforced attic/crawl insulation, and crisp 2025 exterior paint. Outside, the expansive, level backyard features a versatile 10'x20' shed/workshop [ready for your hobbies, home gym, or extra gear]. Ample off-street parking on a quiet street with no HOA. Exceptional location just two blocks from Lake Grove Elementary. Quick connectivity to SR-509, Pacific Hwy, and I-5 for direct routes to Seattle and Tacoma. Enjoy weekend outdoor recreation nearby at Dash Point State Park beaches, Celebration Park, and local trails, plus convenient access to retail, dining, and transit centers. MOVE-IN READY WITH ZERO SURPRISES!

30628 2nd Avenue SW, Federal Way

Listing Broker: Redfin; Lisa D Bender; 425-366-9353; lisa.bender@redfin.com

31003 14th Avenue S Unit #G8, Federal Way

$174,990

1 Beds ⋅ 1 Baths ⋅ 2590803 MLS ⋅ ACTIVE Status

Stunning ground-floor, one-bedroom, one-bath remodel with beautiful lake views and abundant natural light. Open-concept living features new flooring, fresh paint, and a brand-new kitchen with quartz countertops and stainless-steel appliances. The beautifully updated bathroom showcases custom tile work, while a new ventless washer and dryer add everyday convenience. Acoustic insulation installed behind the walls helps reduce sound transfer for added comfort and privacy. Just steps from the clubhouse, fitness center, sauna, and outdoor pool, with easy access to freeways, shopping, and light rail station.

31003 14th Avenue S Unit #G8, Federal Way

Listing Broker: Dupont Realty & Property Mgmt; Stewart McCullum; 253-549-5323; stew9999@icloud.com

$450,000

4 Beds ⋅ 3 Baths ⋅ 2581284 MLS ⋅ ACTIVE Status

Opportunity awaits in Federal Way! This charming 1.5-story home offers the perfect canvas to create a space that feels truly your own. Enjoy convenient main-level living and additional space upstairs to suit your needs. The detached two-car garage adds even more versatility, offering plenty of room for parking, storage, hobbies, a workshop, or everyday extras. With its unique layout and generous additional space, this home offers plenty of possibilities for someone ready to bring their vision and personal style to life. Conveniently located in Federal Way with easy access to shopping, dining, parks, schools, and major commuter routes. Come see the possibilities and imagine what you can create!

31227 7th Avenue S, Federal Way

Listing Broker: eXp Realty; Sujin Cha; 206-235-1996; sujin.cha@exprealty.com

$399,900

2 Beds ⋅ 3 Baths ⋅ 2590783 MLS ⋅ ACTIVE Status

Tucked away in a safe and quiet neighborhood, this duplex-style home offers a sanctuary from the hustle and bustle. It is rare to find a property that provides such immediate access to urban amenities while maintaining a peaceful, community-first atmosphere. Effortless access in any direction, making the trek to Seattle, Bellevue, or Tacoma a breeze. Located near lush walking trails and minutes from The Commons Mall, movie theaters, and a diverse array of cafes and restaurants. Top-rated schools, grocery stores, and medical clinics are just around the corner, with the hospital only 6 minutes away. The heart of the home was transformed in April 2026 with brand-new kitchen cabinets and updated appliances (2024), offering a crisp, modern aesthetic for your culinary adventures. Enjoy lower utility bills and year-round comfort with brand-new energy-efficient windows (garage, kitchen, and living room) and high-performance sliding doors ($13,900+ investment). Your private patio overlooks Heritage Court's lovely manicured grounds, with classic PNW evergreen trees and multiple garden spaces. Smart layout with Jack and Jill bathroom connecting the two upstairs bedrooms. Hard to find attached garage plus additional parking.

247 S 328th Lane, Federal Way

Listing Broker: John L. Scott, Inc; Nick Gerisilo; 206-372-0218; info@HappyHomeTeam.com

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