Traditions at Federal Way
Kings Court
There are 2,274 low-income apartments in Federal Way that offer reduced rents to eligible households. Low-income rents in Federal Way, Washington can range from $544 to $1,130 depending on the number of bedrooms.
Rental assistance programs support 205 low-income homes in Federal Way where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $437 towards rent each month.
Affordable rent data for some communities last confirmed on June 7th, 2024. Subdsidized rents typically change once a year based on federal guidance.
Public Housing Agencies Serving Federal Way, Washington
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
| Housing Authority | Programs |
|---|---|
| King County Housing Authority | Section 8 Housing Choice Voucher (HCV); Public Housing; Moving to Work |
Federal Way, Washington Affordable Housing Data
Income Based Apartments in Federal Way, Washington
Federal Way features 205 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Federal Way, Washington
There are 2,274 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Federal Way.
Housing Choice Vouchers in Federal Way, Washington
On average, Section 8 Housing Choice vouchers pay Federal Way landlords $1,200 per month towards rent. The average voucher holder contributes $400 towards rent in Federal Way.
The maximum amount a voucher would pay on behalf of a low-income tenant in Federal Way, Washington for a two-bedroom apartment is between $2,381 and $2,910.
2024 Federal Way, Washington Fair Market Rents and Housing Choice Voucher Payment Standards
Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.
| Studio | One BR | Two BR | Three BR | Four BR | |
|---|---|---|---|---|---|
| Federal Way, Washington Fair Market Rent | $2,211 | $2,269 | $2,645 | $3,510 | $4,080 |
| Federal Way, Washington Payment Standard Range | $1,990 to $2,432 | $2,042 to $2,496 | $2,381 to $2,910 | $3,159 to $3,861 | $3,672 to $4,488 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Federal Way, WA Affordable Housing Snapshot
| Total Affordable Apartment Properties | 21 |
|---|---|
| Total Low Income Apartments | 2,679 |
| Total Housing Units with Rental Assistance | 205 |
| Percentage of Housing Units Occupied By Renters | 43.91% |
| Average Renter Household Size | 2.64 |
| Average Household Size | 2.70 |
| Median Household Income | $55,673 ±$2,828 |
| Median Rent | $1,038 ±$29 |
| Percentage Of Renters Overburdened | 54.14% ± 3.98pp |
| Total Population | 92,859 |
Population and Household Demographics
Federal Way is a city in King County, Washington with a population of 92,859. There are 34,117 households in the city with an average household size of 2.70 persons. 43.91% of households in Federal Way are renters.
Income and Rent Overburden in Federal Way
The median gross income for households in Federal Way is $55,673 a year, or $4,639 a month. The median rent for the city is $1,038 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Federal Way, a household making less than $3,460 a month would be considered overburdened when renting an apartment at or above the median rent. 54.14% of households who rent are overburdened in Federal Way.
Area Median Income In Federal Way
Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.
HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Federal Way, the AMI is calculated from all households within King County.
In Federal Way, HUD calculates the Area Median Income for a family of four as $146,500
Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.
Rental Assistance in Federal Way
Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.
Income Qualifications for HUD Rental Assistance in Federal Way
| 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person | |
|---|---|---|---|---|---|---|---|---|
| 30% AMI Income Limits Renters earning up to 30% of the Federal Way AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$28,800 | $32,900 | $37,000 | $41,100 | $44,400 | $47,700 | $51,000 | $54,300 |
| 50% AMI Income Limits Renters earning up to 50% of the Federal Way AMI may qualify for rental assistance programs that target Very Low Income households. |
$47,950 | $54,800 | $61,650 | $68,500 | $74,000 | $79,500 | $84,950 | $90,450 |
| 80% AMI Income Limits Renters earning up to 80% of the Federal Way AMI may qualify for rental assistance programs that target Low Income households. |
$70,650 | $80,750 | $90,850 | $100,900 | $109,000 | $117,050 | $125,150 | $133,200 |
© 2002-2024 ApartmentSmart.com, Inc.
Affordable Housing Online is not affiliated with any housing authority or apartment community, and does not manage any affordable housing programs.