ZIP code 98023: Federal Way, WA
98023 is a ZIP code in Federal Way, Washington, mainly in King County, part of the Seattle-Tacoma-Bellevue, WA metro area. About 50,448 people live here.
- Population
- 50,448
- Median household income
- $104,893
- Typical home value
- $598,600-1.2% in 12 months
- Median rent
- $1,900gross, per month
- Median age
- 38.6
- Homeowners
- 65.6%of occupied homes
Shaded: ZIP code 98023's area. Click anywhere on the map to see which ZIP code it's in.
ZIP codes within 10 milesWithin 25 miles
ZIP code 98023 details
| City | Federal Way |
|---|---|
| State | Washington |
| County | King County |
| Metro area | Seattle-Tacoma-Bellevue, WA |
| Time zone | Pacific Time (UTC−8), observes daylight saving time |
| Type | Standard (delivery area) |
| Land area | 10.3 sq mi, plus 1.2 sq mi of water |
| Population density | 4,922 people per sq mi |
| Bachelor's degree or higher | 33.9% of adults 25+ |
| Average commute | 32.6 minutes |
| Center coordinates | 47.31149, -122.36281 |
Median rent in 98023 by bedrooms
| Size | Median gross rent |
|---|---|
| Studio | $1,532/mo |
| 1 bedroom | $1,619/mo |
| 2 bedrooms | $1,809/mo |
| 3 bedrooms | $2,511/mo |
| 4 bedrooms | $2,869/mo |
| 5+ bedrooms | $2,673/mo |
Gross rent includes utilities paid by the tenant. ACS 2020–2024; sizes with too few rentals to estimate are left out.
ZIP codes near 98023
| ZIP code | City | Distance | Population |
|---|---|---|---|
| 98422 | Tacoma, WA | 2.0 mi | 21,644 |
| 98003 | Federal Way, WA | 2.3 mi | 51,619 |
| 98063 | Federal Way, WA | 2.5 mi | — |
| 98421 | Tacoma, WA | 3.9 mi | 424 |
| 98001 | Auburn, WA | 4.6 mi | 37,460 |
| 98354 | Milton, WA | 4.6 mi | 8,597 |
| 98424 | Tacoma, WA | 5.3 mi | 11,816 |
| 98403 | Tacoma, WA | 5.5 mi | 9,097 |
Population and median household income: ACS 2020–2024 5-year estimates. Typical home value: Zillow Home Value Index (September 2026) where available, otherwise the ACS median owner-reported value. "PO Box" marks ZIP codes with no delivery area of their own. Methodology
Buying a home in 98023?
A typical home in ZIP code 98023 is worth about $598,600 (Zillow Home Value Index). The median household here earns $104,893 a year. See what buying here would cost per month, with Washington average taxes and insurance filled in.
Monthly payment for a $598,600 homeWhat can a $104,893 income afford?Rental property numbers
About ZIP code 98023
What city is ZIP code 98023?
ZIP code 98023 is in Federal Way, WA, in King County.
What county is ZIP code 98023 in?
98023 is mainly in King County, Washington.
What is the population of ZIP code 98023?
About 50,448 people live in ZIP code 98023, according to the American Community Survey 2020–2024 5-year estimates.
What time zone is ZIP code 98023 in?
98023 is in Pacific Time (UTC−8). It observes daylight saving time.