Federal Way, WA · standard
ZIP Code 98003
King County, Washington — Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 44,151
- 1,466/sq mi
- $75,319
- Median income
- $476,600
- Median home value
- 27.6%
- Bachelor's or higher
The verdict
Federal Way pairs an above-median household income with upper-quartile home values, in a low-density, mixed-tenure area.
- Top 45%
- household income, US ZIPs
- Top 14%
- home value, US ZIPs
- 1,466
- people per sq mi
- 47%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 98003 against every reporting US ZIP.
ZIP code 98003 is classified by USPS as a standard delivery area and covers roughly 30.1 square miles in Federal Way, King County, Washington. The area is home to 44,151 residents, producing a population density of 1,466 people per square mile, and falls within the Los Angeles time zone. These USPS and Census boundary values drive every downstream statistic on this page, including the benchmarks that compare 98003 against Washington and the nation.
On the economic side, the median household income for ZIP 98003 sits at $75,319 (17% below the Washington average), while per-capita income is $35,775. The poverty rate stands at 15.7% and the unemployment rate at 6.9%. On housing, the median home value is $476,600 (7% below the state average) with median rent at $1,723 per month, and 46.9% of occupied units are owner-occupied, a direct signal of whether 98003 behaves more like a homeowner neighborhood or a renter-heavy ZIP.
Education and household profile round out the picture: 27.6% of adults hold a bachelor's degree or higher, the median age is 35.7, and the average commute is 31 minutes. We also surface 10 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing King County, so you can benchmark 98003 against its immediate geography rather than a national average alone. Every figure is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates, HUD Fair Market Rents, and FHFA Home Price Index data, no estimates, no proprietary scoring. Verify with HUD →
Top industries in ZIP 98003
Top 5 sectors by establishment count
Which industries have the most business establishments in ZIP 98003.
- Health care and social assistance
Health care and social assistance
334 establishments
- Accommodation and food services
Accommodation and food services
200 establishments
- Retail trade
Retail trade
195 establishments
- Construction
Construction
190 establishments
- Other services (except public administration)
Other services (except public administration)
173 establishments
What this shows Establishment counts come from the Census ZIP Code Business Patterns program, which counts physical business locations rather than employees or revenue.
Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + HUD FMR + FHFA HPI ACS demographics, ZBP business establishments, HUD Fair Market Rents, FHFA HPI for ZIP 98003, Federal Way, WA · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; HUD FMR + FHFA HPI updated quarterly/annually.
Quick Facts
44,151
Population
30.1
Area (sq mi)
1,466
People / sq mi
Los Angeles
Time Zone
standard
ZIP Type
Who lives in ZIP 98003?
35.7
Median Age
49.9%
Male
50.1%
Female
35.0%
Foreign-Born
Hispanic or Latino is an ethnicity category from the Census Bureau and may overlap with other categories above.
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How much do residents earn?
$75,319
Median Household Income
-17% vs state
$35,775
Per Capita Income
15.7%
Poverty Rate
6.9%
Unemployment Rate
31.2 min
Mean Commute Time
How ZIP 98003 ranks nationally
Household income vs. every US ZIP code
Median household income — the full national distribution, with this ZIP marked
$75,319 Top 45% higher than 55% of 30,318 US ZIPs
Each bar is a $20K-wide band; taller bars hold more US ZIPs. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.
Source U.S. Census Bureau — ACS 5-Year Estimates · 2019–2023
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What is the education profile here?
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What does housing look like?
19,754
Total Housing Units
18,786
Occupied Units
968
Vacant Units
2.71
Avg Household Size
Occupancy Type
$476,600
Median Home Value
-7% vs state
$1,723
Median Rent
1984
Median Year Built
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How have home values changed over time?
FHFA House Price Index, annual appreciation data based on repeat sales and appraisals
+4.1%
YoY Change (2024)
334
HPI Index (2000 = 100)
+234%
Total Change Since 2000
Home values in ZIP 98003 have increased 4.1% over the past year (2024). Since 2000, this ZIP has seen +234% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | +5.9% | 232 |
| 2021 | +17.8% | 274 |
| 2022 | +16.2% | 318 |
| 2023 | +1.0% | 321 |
| 2024 | +4.1% | 334 |
Source: Federal Housing Finance Agency (FHFA) House Price Index, All-Transactions, Five-Digit ZIP Codes (Developmental Index). Index base = 100 in year 2000. Data through 2024. ZIP codes with few transactions may show missing values.
What businesses operate in this ZIP?
Census Bureau data shows 1,768 business establishments in ZIP 98003, employing approximately 21,771 people with a combined annual payroll of $1,212,130,000.
1,768
Businesses
21,771
Employees
$1.2B
Annual Payroll
17
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Health care and social assistance | 334 | 18.9% |
| Accommodation and food services | 200 | 11.3% |
| Retail trade | 195 | 11.0% |
| Construction | 190 | 10.8% |
| Other services (except public administration) | 173 | 9.8% |
| Professional, scientific, and technical services | 139 | 7.9% |
| Finance and insurance | 122 | 6.9% |
| Real estate and rental and leasing | 103 | 5.8% |
| Administrative and support and waste management and remediation services | 84 | 4.8% |
| Transportation and warehousing | 76 | 4.3% |
| Wholesale trade | 46 | 2.6% |
| Educational services | 29 | 1.6% |
| Arts, entertainment, and recreation | 23 | 1.3% |
| Information | 21 | 1.2% |
| Manufacturing | 19 | 1.1% |
| Management of companies and enterprises | 8 | 0.5% |
| Agriculture, forestry, fishing and hunting | 3 | 0.2% |
Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.
Nearby ZIP Codes
Want a side-by-side? Compare 98003 vs 98023 →
ZIP 98003 vs its nearest neighbors, by population
Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 98023
Federal Way (98023)
47,510 residents
- 98003
Federal Way (98003)
44,151 residents
- 98198
Seattle (98198)
34,584 residents
- 98001
Auburn (98001)
31,911 residents
- 98002
Auburn (98002)
31,647 residents
- 98371
Puyallup (98371)
20,468 residents
- 98422
Tacoma (98422)
20,151 residents
- 98424 10,140
Tacoma (98424)
10,140 residents
- 98354 6,976
Milton (98354)
6,976 residents
What this shows Among its immediate neighbors, ZIP 98003 ranks #2 by population — useful context the national average alone can't give.
ZIP 98003 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 98422
Tacoma (98422)
$118,604 median income
- 98047
Pacific (98047)
$115,188 median income
- 98001
Auburn (98001)
$106,791 median income
- 98023
Federal Way (98023)
$104,893 median income
- 98371
Puyallup (98371)
$97,242 median income
- 98354
Milton (98354)
$96,866 median income
- 98424
Tacoma (98424)
$94,122 median income
- 98198
Seattle (98198)
$86,239 median income
- 98002
Auburn (98002)
$78,684 median income
What this shows By household income, ZIP 98003 ranks #null of 9 neighboring ZIPs — local affluence varies block to block, not just metro to metro.
| ZIP Code | City | Population | Distance |
|---|---|---|---|
| 98023 | Federal Way, WA | 47,510 | 2.2 mi |
| 98001 | Auburn, WA | 31,911 | 2.4 mi |
| 98354 | Milton, WA | 6,976 | 3.8 mi |
| 98422 | Tacoma, WA | 20,151 | 3.7 mi |
| 98198 | Seattle, WA | 34,584 | 6.2 mi |
| 98002 | Auburn, WA | 31,647 | 4.6 mi |
| 98424 | Tacoma, WA | 10,140 | 5.2 mi |
| 98047 | Pacific, WA | 6,339 | 4.3 mi |
| 98371 | Puyallup, WA | 20,468 | 7.3 mi |
| 98421 | Tacoma, WA | 1,308 | 5.1 mi |
More ZIP Codes in King County
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Frequently Asked Questions
What county is ZIP code 98003 in? ▼
What is the population of ZIP code 98003? ▼
What is the median household income in ZIP 98003? ▼
What is the average home value in ZIP 98003? ▼
What is the demographic makeup of ZIP 98003? ▼
How many businesses are in ZIP code 98003? ▼
What are the main industries in ZIP code 98003? ▼
How have home values changed in ZIP code 98003? ▼
What is the education level in ZIP code 98003? ▼
What is the average commute time in ZIP 98003? ▼
What percentage of residents own vs. rent in ZIP 98003? ▼
What is the poverty rate in ZIP code 98003? ▼
ZIP Code Research Guides
Official Data Resources for Federal Way, WA
Verify and explore additional data for this area using these official government sources.
Read our methodology to see how this data is sourced, computed, and verified.