98003 Homes under $500,000

98003 Homes under $500,000

Welcome to the vibrant community of Federal Way, Washington, nestled in the heart of King County and boasting the charming zip code 98003. This area is known for its lush greenery, friendly neighborhoods, and a perfect blend of urban convenience and suburban tranquility. With easy access to major highways and public transportation, residents can enjoy a seamless commute to nearby Seattle and Tacoma, making it an ideal location for professionals and families alike.

One of the standout features of the 98003 zip code is its diverse real estate market, especially for those seeking homes under $500,000. Here, you will find a variety of options that cater to different lifestyles and preferences. Whether you’re looking for a cozy single-family home, a modern townhouse, or a spacious condo, Federal Way offers an array of affordable properties that don’t compromise on quality or comfort.

Families will appreciate the proximity to top-rated schools, parks, and recreational facilities, including the picturesque Dash Point State Park and the serene waterfront along Puget Sound. With a myriad of shopping and dining options nearby, including the popular Federal Way Commons, residents can enjoy a vibrant community atmosphere without venturing far from home.

In Federal Way, you can find your dream home without breaking the bank. The 98003 zip code is not just a place to live; it’s a community where you can thrive, create lasting memories, and truly belong. Come explore the possibilities and discover why Federal Way is the perfect place to call home!

Newest 98003 Homes under $500,000

533 S 323rd Place Unit #H9, Federal Way
$287,000
2 Beds ⋅ 1 Baths ⋅ 2600169 MLS ⋅ ACTIVE Status
Fresh, bright, and move-in ready in sought-after Campus Green! This one-level 2-bedroom, 1-bath home has brand new flooring and fresh interior paint throughout, so you can unpack and start living from day one. The open living area is anchored by a cozy wood-burning fireplace, ideal for chilly evenings with a book or your morning coffee. Single-level living means no stairs, and the setting is quiet and park-like, with mature landscaping and lush greenery all around. Residents enjoy a clubhouse, outdoor pool, athletic courts, and a fully fenced dog run, and HOA dues cover water, sewer, garbage, and landscaping for simple, predictable monthly costs. You'll be minutes from I-5 and Hwy 18, the new Federal Way Downtown Light Rail Station, The Commons, Trader Joe's, Safeway, restaurants, parks, and St. Francis Hospital, with easy trips to Sea-Tac, Seattle, and Tacoma. It's a great fit for first-time buyers, downsizers, and investors alike. Schedule your showing today! Virtually staged.

533 S 323rd Place Unit #H9, Federal Way

Listing Broker: RealTrust Properties; Tihomir Todorov; 206-201-2000; realtrustbroker@gmail.com

32820 20th Avenue S Unit #76, Federal Way
$369,950
3 Beds ⋅ 2 Baths ⋅ 2598266 MLS ⋅ ACTIVE Status
Welcome Home to Cedar Creek, a 55+ community where you own your lot and NO space rent! Very rare and affordable with super low HOA dues that covers water, sewer and basic cable. This spacious, impeccably cared-for home has been wonderfully maintained by the same owner since it was purchased brand new in 1990, and offers a fantastic floor plan. You will love this warm and inviting home with tons of windows and vaulted ceilings throughout the living room, dining and kitchen area. The primary bedroom is right off the living room and features a walk-in closet and 3/4 bath. Totally turnkey and move-in ready, with a newer roof (approx. 10 yrs) and new furnace and water heater in 2018. Privately and uniquely located off S 330th st, from outside the community. Large private deck right off the family room and covered carport with room for parking and entertaining. Plus, a large 150 SF storage shed! Conveniently located minutes to town, the Commons shopping mall, restaurants, freeways and the new Light Rail. So much more....

32820 20th Avenue S Unit #76, Federal Way

Listing Broker: Windermere RE West Campus Inc; Steve Nagy; 206-713-3311; stevenagy@windermere.com

414 S 329th Lane, Federal Way
$425,000
3 Beds ⋅ 3 Baths ⋅ 2598772 MLS ⋅ ACTIVE Status
GREAT OPPORTUNITY IN THE HEART OF FEDERAL WAY! Welcome to Heritage Court, a charming, well-maintained community offering convenience, comfort and low-maintenance living! This beautifully remodeled, move-in ready home features a spacious, open concept living and dining area with a cozy fireplace, an updated kitchen with granite countertops and a versatile main level bedroom ideal for guests or a home office. Upstairs, enjoy a generous primary suite with a walk-in closet and private bath. Additional highlights include a bright sunroom, private outdoor space and an oversized garage with pull-down attic access for extra storage. Heritage Court is a Planned Unit Development (PUD), not a condominium, with affordable HOA dues covering common-area landscaping and access to community cabana and sport court. Conveniently located just minutes from shopping, restaurants, Costco, The Commons at Federal Way, light rail and I-5 with easy access to Sea-Tac Airport and downtown Seattle. Beautifully updated, ideally located and ready for its next owner. Don't miss this incredible opportunity!

414 S 329th Lane, Federal Way

Listing Broker: Better Properties RE King; Mike Yun; 206-201-9606; yunni1987@hotmail.com

2504 S 371st Street, Federal Way
$160,000
3 Beds ⋅ 2 Baths ⋅ 2595676 MLS ⋅ ACTIVE Status
Discover comfort, space, and convenience in this well-maintained 3-bedroom, 1.75-bath home located on a desirable corner lot in the quiet Killarney Woods community. Offering over 1,500 sq. ft. of living space, this home features a generously sized primary suite with a walk-in closet, providing a comfortable retreat at the end of the day. Enjoy relaxing or entertaining on the covered deck, or unwind in the sun porch. The property also offers two garden sheds, including a workshop, providing excellent storage and space for hobbies or projects. Conveniently located near shopping, the hospital, and other city amenities, this move-in-ready home offers a wonderful combination of space, functionality, and location. Come see all the possibilities this property has to offer!

2504 S 371st Street, Federal Way

Listing Broker: Realty One Group Pacifica; Kasey Dawes; 360-797-2444; KaseyDawesHomes@gmail.com

2500 S 370th Street Unit #108, Federal Way
$180,000
3 Beds ⋅ 2 Baths ⋅ 2596163 MLS ⋅ ACTIVE Status
Rare corner lot in the desirable 55+ community of Kloshe Illahee. This Palm Harbor home welcomes you with vaulted ceilings throughout and a spacious living room featuring a wood-burning fireplace, creating a warm and inviting place to relax or entertain. The large kitchen offers quartz countertops, a new refrigerator, dishwasher, and plenty of room to prepare meals. Just off the kitchen, you'll find a generously sized laundry and utility room with abundant storage. Three large bedrooms provide plenty of space for guests, hobbies, or a home office. The primary bedroom features its own private bathroom with a walk-in shower. Enjoy the added convenience of an air conditioned home, a carport for covered parking with a ramp, and a storage shed. Community amenities include clubhouse, fitness center, banquet area with kitchen, swimming pool, hot tub, and sauna. Conveniently located close to shopping and dining.

2500 S 370th Street Unit #108, Federal Way

Listing Broker: RE/MAX Metro Realty, Inc.; Katy Cooper; 206-779-1755; katycooper@remax.net

28242 28th Avenue S, Federal Way
$350,000
5 Beds ⋅ 2 Baths ⋅ 2593851 MLS ⋅ PENDING SHORT SALE Status
Major Fixer – Investor & Contractor Opportunity! Spacious 5-bedroom home offering approximately 2,060 square feet on a generous 9,990-square-foot lot in Federal Way. Property is in severely distressed condition, with extensive deferred maintenance and substantial accumulation of personal belongings, trash, and debris throughout. Significant cleanup and a complete interior renovation or gut rehabilitation should be anticipated. Opportunity for experienced investors and contractors prepared to undertake a major restoration project. Property sold strictly AS-IS, with no repairs by seller. Short sale subject to lienholder approval. Buyer to verify all information and property condition to their satisfaction.

28242 28th Avenue S, Federal Way

Listing Broker: Keller Williams Rlty Bellevue; Ara Hakobyan; 425-241-5753; arah@kw.com

3001 S 288th Street S Unit #69, Federal Way
$95,000
2 Beds ⋅ 2 Baths ⋅ 2595491 MLS ⋅ ACTIVE Status
Welcome Home to where pride of ownership shows in this updated and well-maintained Manufactured Home located at Camelot all ages Manufactured Home Park in the hearth of Federal Way, King County Washington. Home features a new kitchen with Island and bar sitting area. Updated Stainless Steel appliances and are all there to stay. Luxury Vynal Plank flooring with one tiled walk-in shower and one tub shower in the main bedroom. Fresh coat of paint and new light fixtures all throughout the home. Large living/dining area with vaulted ceilings. Spacious kitchen with many cabinets. All appliances stay. The master suite includes a garden tub, skylights lots of closet space. Space rent includes water, sewer, garbage, clubhouse, common area, exercise room, playground, RV parking. Pool and many more amenities.

3001 S 288th Street S Unit #69, Federal Way

Listing Broker: Keller Williams Realty; Pa Jaiteh; 253-766-9378; papasrealestate100@gmail.com

31321 12th Place S, Federal Way
$499,950
3 Beds ⋅ 2 Baths ⋅ 2596715 MLS ⋅ ACTIVE Status
Price reduced!!!Welcome to this Beautiful one-story house walking distance of everything!!! Three bedrooms and 1.5 baths!!Fully fenced front and back with a waterfall feature in the front of the house. Outbuilding, fruit trees, garden space, playground. Newer roof installed 2022, newer appliances. Enclosed patio for more living space. Newer driveway. Close to malls, train station, HMart, Island Pacific, restaurants and many more! Schools nearby!

31321 12th Place S, Federal Way

Listing Broker: AgencyOne; Curie R. Brown; 253-335-6347; curie1960@yahoo.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

36129 24th Place S, Federal Way
$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

2101 S 324th Street Unit #324, Federal Way
$69,000
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

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

Start Your Search
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

How much is your home worth?

Get instant property value now!