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Federal Way Homes under $500,000

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Federal Way Homes under $500,000

Welcome to Federal Way, Washington – a vibrant city nestled in the heart of King County, just south of Seattle. Known for its picturesque parks, bustling shopping centers, and a strong sense of community, Federal Way offers a perfect blend of urban convenience and natural beauty. With stunning views of Mount Rainier and easy access to Puget Sound, this city is a haven for outdoor enthusiasts and city dwellers alike.

Federal Way boasts a variety of amenities, including the popular Commons at Federal Way, where you’ll find an array of shops, restaurants, and entertainment options. The city's commitment to green spaces is evident in its numerous parks, such as Dash Point State Park and Steel Lake Park, perfect for hiking, picnicking, and enjoying the great outdoors. Additionally, the city’s excellent schools and family-friendly atmosphere make it an ideal place to call home.

For those seeking affordable housing options, Federal Way has many charming homes available for under $500,000. These properties offer a fantastic opportunity for first-time buyers, families, or investors looking to make their mark in a growing community. From cozy single-family homes to well-maintained townhouses, there’s something for everyone in this price range.

With its rich community spirit, convenient location, and a range of affordable housing options, Federal Way is more than just a place to live – it’s a place to thrive. Discover the charm of Federal Way and find your dream home today!

Newest Federal Way Homes under $500,000

247 S 328th Lane, Federal Way image
247 S 328th Lane, Federal Way — West Highlands Div No 01 $399,900

Tucked away in a safe and quiet neighborhood, this duplex-style home offers a sanctuary from the hustle and bustle. It is rare to find a property that provides such immed...

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  • 2 Beds
  • 3 Baths
  • 2590783 MLS
  • ACTIVE Status
Courtesy of John L. Scott, Inc

Listing Broker: John L. Scott, Inc; Nick Gerisilo; 206-372-0218; info@HappyHomeTeam.com

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4802 SW 317th Lane Unit #C, Federal Way image
4802 SW 317th Lane Unit #C, Federal Way — SmokeTree $359,950

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 lo...

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  • 3 Beds
  • 3 Baths
  • 2590450 MLS
  • ACTIVE Status
Courtesy of RentLucky

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

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32110 SW 45th Place Unit ##B-4, Federal Way image
32110 SW 45th Place Unit ##B-4, Federal Way $225,000

Opportunity in Maplewood! This 3-bedroom, 1 1/2-bath ground-floor condo is more than livable and ready for a buyer who is willing to put in some TLC. The home primarily n...

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  • 3 Beds
  • 2 Baths
  • 2590065 MLS
  • ACTIVE Status
Courtesy of Better Properties Kitsap

Listing Broker: Better Properties Kitsap; Stanley Yeadon; 360-710-8815; justcallmestan@msn.com

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247 S 328th Lane, Federal Way image
247 S 328th Lane, Federal Way — West Highlands Div No 01 $399,900

Tucked away in a safe and quiet neighborhood, this duplex-style home offers a sanctuary from the hustle and bustle. It is rare to find a property that provides such immed...

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  • 2 Beds
  • 3 Baths
  • 2590208 MLS
  • ACTIVE Status
Courtesy of John L. Scott, Inc

Listing Broker: John L. Scott, Inc; Nick Gerisilo; 206-372-0218; info@HappyHomeTeam.com

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2500 S 370th Street Unit #56, Federal Way image
2500 S 370th Street Unit #56, Federal Way $90,000

Discover exceptional space, character, and flexibility in this distinctive 3-bedroom, 2-bath double-wide offering approximately 1,848 sq ft plus an additional enclosed bo...

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  • 3 Beds
  • 3 Baths
  • 2586752 MLS
  • ACTIVE Status
Courtesy of Windermere RE South Sound, Inc

Listing Broker: Windermere RE South Sound, Inc; Petru Mihaluta; 425-505-0595; petru@windermere.com

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31813 21st Avenue SW Unit #27, Federal Way image
31813 21st Avenue SW Unit #27, Federal Way $59,000

Welcome home to this 3 bedroom, 1.5 bathroom home located in the Highline Park community. This inviting residence offers a comfortable and functional floor plan with a wa...

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  • 3 Beds
  • 2 Baths
  • 2588932 MLS
  • ACTIVE Status
Courtesy of Every Door Real Estate

Listing Broker: Every Door Real Estate; SandraJean Daniels; 252-342-1646; sandrajeand@everydoorrealestate.com

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2101 S 324th Street Unit #19, Federal Way image
2101 S 324th Street Unit #19, Federal Way $299,000

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...

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  • 2 Beds
  • 2 Baths
  • 2589315 MLS
  • ACTIVE Status
Courtesy of MLS4owners.com

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

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2101 S 324th Street Unit #7, Federal Way image
2101 S 324th Street Unit #7, Federal Way $325,000

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 l...

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  • 3 Beds
  • 2 Baths
  • 2589237 MLS
  • ACTIVE Status
Courtesy of MLS4owners.com

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

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2101 S 324th Street Unit #188, Federal Way image
2101 S 324th Street Unit #188, Federal Way $179,000

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 t...

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  • 2 Beds
  • 2 Baths
  • 2589219 MLS
  • ACTIVE Status
Courtesy of MLS4owners.com

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

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431 S 325th Place Unit #W2, Federal Way image
431 S 325th Place Unit #W2, Federal Way — West Green $225,000

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...

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  • 2 Beds
  • 1 Baths
  • 2588298 MLS
  • ACTIVE Status
Courtesy of Keller Williams Realty PS

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

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2101 S 324th Street Unit #189, Federal Way image
2101 S 324th Street Unit #189, Federal Way $179,000

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 t...

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  • 2 Beds
  • 2 Baths
  • 2589185 MLS
  • ACTIVE Status
Courtesy of MLS4owners.com

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

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1660 S 333rd Street, Federal Way image
1660 S 333rd Street, Federal Way $119,950

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-...

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  • 2 Beds
  • 1 Baths
  • 2586234 MLS
  • ACTIVE Status
Courtesy of Inspire Realty

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

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Pellego
675 S Lane St.
Seattle, WA 98104
425-223-6021
LIC#: 25019681

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Pellego is a licensed real estate brokerage serving Seattle and surrounding communities, with AJ Allen as the designated broker. We comply with all applicable fair housing laws. All information provided is deemed reliable but not guaranteed and is subject to change without notice, including price, availability, or condition. No representation or warranty is made regarding the accuracy of property details. All measurements and square footage are approximate. This content is not intended to solicit properties already listed. Nothing contained herein should be considered legal, tax, or professional advice outside the scope of real estate brokerage services.

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