Federal Way Homes under $500,000

Welcome to Federal Way, Washington—a vibrant community nestled between the bustling cities of Seattle and Tacoma. Known for its picturesque parks, excellent schools, and diverse neighborhoods, Federal Way offers a perfect blend of suburban tranquility and urban convenience. With its rich history and a strong sense of community, this area is not just a place to live; it’s a place to thrive.

One of the standout features of Federal Way is its abundance of outdoor spaces. With over 800 acres of parks, including the stunning Dash Point State Park along the Puget Sound, residents can enjoy hiking, biking, and breathtaking views of nature year-round. The city also boasts a variety of shopping and dining options, from charming local eateries to larger retail centers, ensuring that everything you need is just a stone’s throw away.

For those seeking affordable housing options, Federal Way is a hidden gem. Homes priced under $500,000 are readily available, making it an attractive choice for first-time homebuyers and families looking to settle down. With a wide range of properties—from cozy single-family homes to modern townhouses—there’s something to fit every lifestyle and budget.

Federal Way is also well-connected, with easy access to major highways and public transportation, making commuting to Seattle or Tacoma a breeze. Whether you’re drawn to the vibrant community spirit, the beautiful parks, or the affordable housing market, Federal Way is a place where you can truly feel at home. Explore the possibilities and discover your dream home in this charming neighborhood today!

Newest Federal Way Homes under $500,000

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

$359,950

3 Beds ⋅ 3 Baths ⋅ 2590450 MLS ⋅ ACTIVE Status

Don’t miss this beautifully updated home in SmokeTree! This spacious 3-bedroom townhome truly shines, offering a wonderful combination of stylish updates, privacy, and low-maintenance living. Tucked away at the back of the community, this home enjoys a lovely, private backyard area that does not back up to the street. Inside, you’ll find brand-new luxury vinyl plank flooring throughout the main level, stairs, upper hallway, and bathrooms, along with new carpet in all three bedrooms. The beautiful kitchen has been refreshed with brand-new stainless steel appliances, freshly painted cabinets, resurfaced counters, updated lighting, and a bright, modern feel that’s perfect for everyday living and entertaining. Additional features include fresh paint throughout the home and an attached one-car garage, plus convenient parking in front of the garage. Enjoy access to wonderful community amenities, including an outdoor pool and clubhouse, all surrounded by mature, beautifully established landscaping. The location is ideal, with shopping, dining, trails, and parks nearby, along with easy access to major routes and freeways. This is a fantastic opportunity to own an updated home in a desirable community while enjoying the convenience and ease of a low-maintenance lifestyle. The entire SmokeTree community is getting a fresh new look with exterior painting underway—and it’s looking amazing! Come see all that this special home has to offer!

4802 SW 317th Lane Unit #C, Federal Way

Listing Broker: RentLucky; Shelly Baehler; 206-713-9020; shelly@rentlucky.com

2101 S 324th Street Unit #19, Federal Way

$299,000

2 Beds ⋅ 2 Baths ⋅ 2589315 MLS ⋅ ACTIVE Status

Belmor Park is waiting for you! This beautifully maintained 55+ community features a 9-hole golf course, an indoor pool, dog park, and a small gym. This new home features a cozy, but open layout. There are 2 bedrooms, 2 bathrooms and a den you can turn into an office or another little living area. Do not miss out on this opportunity get a new home in this quiet community, well maintained community.

2101 S 324th Street Unit #19, Federal Way

Listing Broker: MLS4owners.com; Chris C. Nye; 253-460-1900; sales@mls4owners.com

2101 S 324th Street Unit #7, Federal Way

$325,000

3 Beds ⋅ 2 Baths ⋅ 2589237 MLS ⋅ ACTIVE Status

Brand new double-wide! Come join Belmor Park and the many amenities that it offers. This 3-bedroom 2-bathroom home features an open concept with a spacious kitchen with lots of cabinets space and an island for all your entertaining needs. After a long day, retire in your living room to watch tv in front of your built-in entertainment center or just have a nice drink by your electric fireplace. If you are a golfer, like to swim or just want to be close to the city, Belmor Park is the place for you.

2101 S 324th Street Unit #7, Federal Way

Listing Broker: MLS4owners.com; Chris C. Nye; 253-460-1900; sales@mls4owners.com

2101 S 324th Street Unit #188, Federal Way

$179,000

2 Beds ⋅ 2 Baths ⋅ 2589219 MLS ⋅ ACTIVE Status

If you are looking to downsize and want a singlewide, this 900 sq ft unit is for you. Retire in style and come enjoy the many benefits this community has to offer, like the golf course and indoor pool to name a few. The unit comes with a heat pump for those hot summer days and irrigation, so you don’t have to go out and water yourself. You don’t want to miss this great opportunity. This is a 55+ community, and local sales tax apply to all new home sales.

2101 S 324th Street Unit #188, Federal Way

Listing Broker: MLS4owners.com; Chris C. Nye; 253-460-1900; sales@mls4owners.com

$225,000

2 Beds ⋅ 1 Baths ⋅ 2588298 MLS ⋅ ACTIVE Status

Main-floor, single-level renovated condominium offering privacy, comfort, and exceptional value. Ideal for first-time buyers or anyone looking to downsize. This move-in-ready home features a beautifully updated kitchen with quartz countertops, new stainless steel appliances, an undermount sink with pull-down faucet, pantry, and a convenient eating bar. Engineered hardwood floors run throughout, and fresh interior paint gives the home a bright, modern Northwest feel. Wood burning fireplace in a comfy living room with enough room for a full size sectional. The spacious primary bedroom includes a large walk-in closet, and the full-size in-unit washer and dryer add everyday convenience. Adjacent bedroom, and beautifully renovated main bathroom! Enjoy peaceful, tree-filled territorial views from your private patio. Community amenities include a pool, hot tub, and sport court. Conveniently located near the new Federal Way light rail station, with easy access to shopping, dining, and major commuting routes, this is an excellent opportunity for affordable home ownership in south King County. No work needed, just move in and relax. HOA covers Water, Sewer and Garbage. 1 reserved parking spot with lots of extra parking.

431 S 325th Place Unit #W2, Federal Way

Listing Broker: Keller Williams Realty PS; Anna McClusky; 206-659-8884; Anna@legacygroupnw.com

2101 S 324th Street Unit #189, Federal Way

$179,000

2 Beds ⋅ 2 Baths ⋅ 2589185 MLS ⋅ ACTIVE Status

2101 S 324th Street Unit #189, Federal Way

Listing Broker: MLS4owners.com; Chris C. Nye; 253-460-1900; sales@mls4owners.com

$119,950

2 Beds ⋅ 1 Baths ⋅ 2586234 MLS ⋅ ACTIVE Status

Welcome home to an all-ages manufactured home community centrally located near everything you need! This well-maintained 2 Bed / 1 Bath home features an efficient, light-filled layout with [Square Footage] sq ft of cozy living space. Highlights include minisplit ac, new floors trim, along with a roof! Enjoy ample dedicated parking, private outdoor space, and shed storage. Unbeatable location—just minutes to I-5, Hwy 18, Pacific Hwy, local dining, shopping, and public transit. Low-maintenance, move-in ready, and full of potential! Space rent is $1,099 which includes garbage, water, and sewer

1660 S 333rd Street, Federal Way

Listing Broker: Inspire Realty; Alexander Bradshaw; 253-250-7520; alexbradshaw@mjreseattle.com

1830 S 336th Street Unit #G-201, Federal Way

$320,000

2 Beds ⋅ 2 Baths ⋅ 2588905 MLS ⋅ ACTIVE Status

Welcome to South Garden Court! This beautifully refreshed top-floor, 2-bedroom, 1.75-bath condo offers 952 sqft of comfortable living in a convenient Federal Way location. Step inside to find new luxury vinyl flooring, fresh interior paint, and a bright, inviting living space anchored by a cozy fireplace. The updated kitchen features refreshed cabinet faces and stainless steel appliances, creating a clean and modern feel. Both bathrooms have been thoughtfully updated, including a beautifully remodeled primary bath. The spacious floor plan provides generous living and dining areas, well-sized bedrooms, and excellent flexibility for guests, a home office, or additional living space. Enjoy the convenience of carport parking and easy access to shopping, dining, parks, major commuter routes, and everyday amenities. Move-in ready and ready to make your own!

1830 S 336th Street Unit #G-201, Federal Way

Listing Broker: Pointe3 Real Estate; Benjamin K. Young; 206-200-1553; Benjamin@Pointe3.com

1003 S 308th Street Unit #34, Federal Way

$179,950

1 Beds ⋅ 1 Baths ⋅ 2584743 MLS ⋅ ACTIVE Status

Nestled in a small, secluded community surrounded by greenery, this light and bright home offers comfortable living with an easy, low-maintenance lifestyle. Top floor end unit! The living space features durable LVP flooring throughout, creating a clean and cohesive feel that’s easy to maintain. The open kitchen offers white cabinetry and new lighting, while the adjoining living area provides a peaceful view of the surrounding trees. Enjoy your morning coffee with a little nature right outside your window, or step onto the private deck to soak up some sunshine. The spacious bedroom features large closets for plenty of storage, and the convenience continues with an in-home washer and dryer. New Hot Water heater in 2024. Additional highlights include a reserved covered parking space with secured storage area. Affordable monthly HOA dues which include water, sewer, and garbage service. Make your dream of homeownership come true!

1003 S 308th Street Unit #34, Federal Way

Listing Broker: Coldwell Banker Danforth; Deidre Daly; 206-227-8198; RealDeals2@aol.com

32820 20th Avenue S Unit #63, Federal Way

$360,000

2 Beds ⋅ 2 Baths ⋅ 2587639 MLS ⋅ ACTIVE Status

Welcome to easy living in the desirable Cedar Creek 55+ Community! This well-maintained 2-bedroom, 2-bath manufactured home offers the perfect blend of comfort, convenience, and low-maintenance living. Ideally situated next to the community open space, you’ll enjoy peaceful surroundings with easy access to recreation and neighborhood amenities. Inside, you’ll find generously sized living areas and oversized bedrooms that provide plenty of room to relax and entertain. Thoughtfully updated within the last two years with a new furnace, refrigerator, Trex deck, and storage shed, allowing you to move in with confidence and enjoy years of worry-free living. The covered carport and oversized driveway provide ample parking for you and your guests. Monthly HOA dues include water, sewer, and internet, adding even more value and convenience. Tucked away from through traffic in a quiet setting, yet offering easy access to shopping, dining, medical facilities, and major commuter routes, this home is the perfect place to enjoy a peaceful lifestyle without sacrificing accessibility.

32820 20th Avenue S Unit #63, Federal Way

Listing Broker: KW Lake Washington So; Lexie Pray; 206-369-1200; lexie@rosierourke.com

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