Steel Lake Federal Way, WA Overview

Summary

Population Growth (since 2000)37%
Population Density (ppl / mile)4,264.30
Household Size (ppl)3
Households w/ Children30%

Housing Stability

Annual Residential Turnover31%
5+ Years in Residency18%
Median Year in Residency2.31

Housing Inventory

Steel Lake Federal Way, WA Housing Inventory 1,6951731,1261,6951731,126

Market Overview

32 listings with an estimated median price of $769,995

PriceCount
$100K - 200K1
$200K - 300K2
$300K - 400K5
$500K - 600K4
$600K - 700K2
$700K - 800K4
$800K - 900K10
$900K - 1M1
$1M - Max3
Property TypeCount
Single Family20
Condo5
Commercial4
Lots and Land1
Multi Family2

(Data as of 5/15/2024)

Population Demographics

The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.

Steel Lake Federal Way, WA Population Demographics

Total: 6,470

Households:2,821

Median Age: 37.54

Climate and Weather

The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.

Temperature (degrees F)

Steel Lake Federal Way, WA Temperature

Weather Risk

Steel Lake Federal Way, WA Weather Risk

Education

The Community Educational Index chart is based on the U.S. Census Bureau's Socioeconomic Status (SES) elements. Factors used in creating the index below are income, educational achievement, and occupation of persons within the selected ZIP code. Since this index is based on the population of an entire Zip code, it may not reflect the nature of an individual school.

Education Climate Index

Steel Lake Federal Way, WA Education Climate Index

Highest Education Level Attained

Steel Lake Federal Way, WA Highest Education Level Attained 1,3693242302076775351,0531,369324230207677

Employment and Finance

Workforce

Steel Lake Federal Way, WA Workforce

Income by dollar range (Median Income: $44,235)

Steel Lake Federal Way, WA Income by dollar range 237194217181197206160152141368297259844641151811

Fair Market Rents

The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).

Studio
$782
One Bedroom
$891
Two Bedroom
$1,073
Three Bedroom
$1,516
Four Bedroom
$1,852

Smoking Ban

The Smoking Ban data indicates whether an area has a smoking ban in place for workplaces, restaurants or bars. This information represents that of the search area and may not reflect that of the whole County or State.

Workplaces
Yes
Restaurants
Yes
Bars
Yes

Crime

The Crime Index compares the risk or probability of future occurrence of certain types of crime in this community as compared to the national average. The national average for each type of crime equals a score of 1.0, so a score of 2.0 would represent twice the risk as the national average, and a score of 0.50 would represent half the risk of the national average.

Steel Lake Federal Way, WA Crime

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