Federal Way Homes under $350,000

Welcome to Federal Way, Washington—a vibrant community nestled between the stunning beauty of Puget Sound and the majestic Cascade Mountains. Known for its lush parks, diverse recreational opportunities, and a welcoming atmosphere, Federal Way is an ideal place for families, young professionals, and retirees alike.

In this charming city, you’ll find a variety of homes that cater to different lifestyles and budgets. For those looking for affordability without sacrificing quality, there are enticing options available under $350,000. These homes offer a perfect blend of comfort and value, making them an excellent choice for first-time buyers or anyone looking to downsize.

Imagine cozy single-family homes with spacious backyards, perfect for summer barbecues and family gatherings. Many of these properties are situated in friendly neighborhoods, where community spirit thrives. You’ll also discover townhomes and condos that provide low-maintenance living, ideal for busy professionals or those seeking a lock-and-leave lifestyle.

Living in Federal Way means you’re never far from nature’s wonders. Explore the scenic trails of Dash Point State Park, or enjoy a day at the beautiful beaches of the nearby waterfront. With excellent schools, shopping centers, and a variety of dining options, this city has everything you need right at your fingertips.

Whether you’re looking to plant roots or seeking an investment opportunity, Federal Way’s real estate market offers a wealth of possibilities. Discover your dream home today in this charming and thriving community!

Newest Federal Way Homes under $350,000

31003 14th Avenue S Unit #G8, Federal Way

$174,990

1 Beds ⋅ 1 Baths ⋅ 2590803 MLS ⋅ Liberty Lake Condo BLDG.

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

2101 S 324th Street Unit #19, Federal Way

$299,000

2 Beds ⋅ 2 Baths ⋅ 2589315 MLS

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 a cozy, but open layout. There are 2 bedrooms, 2 bathrooms and a den you can turn into an office or another little living area. Do not miss out on this opportunity get a new home in this quiet community, well maintained community.

2101 S 324th Street Unit #19, Federal Way

2101 S 324th Street Unit #7, Federal Way

$325,000

3 Beds ⋅ 2 Baths ⋅ 2589237 MLS

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 lots of cabinets space and an island for all your entertaining needs. After a long day, retire in your living room to watch tv in front of your built-in entertainment center or just have a nice drink by your electric fireplace. If you are a golfer, like to swim or just want to be close to the city, Belmor Park is the place for you.

2101 S 324th Street Unit #7, Federal Way

2101 S 324th Street Unit #188, Federal Way

$179,000

2 Beds ⋅ 2 Baths ⋅ 2589219 MLS

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 the golf course and indoor pool to name a few. The unit comes with a heat pump for those hot summer days and irrigation, so you don’t have to go out and water yourself. You don’t want to miss this great opportunity. This is a 55+ community, and local sales tax apply to all new home sales.

2101 S 324th Street Unit #188, Federal Way

$225,000

2 Beds ⋅ 1 Baths ⋅ 2588298 MLS ⋅ West Green BLDG.

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-ready home features a beautifully updated kitchen with quartz countertops, new stainless steel appliances, an undermount sink with pull-down faucet, pantry, and a convenient eating bar. Engineered hardwood floors run throughout, and fresh interior paint gives the home a bright, modern Northwest feel. Wood burning fireplace in a comfy living room with enough room for a full size sectional. The spacious primary bedroom includes a large walk-in closet, and the full-size in-unit washer and dryer add everyday convenience. Adjacent bedroom, and beautifully renovated main bathroom! Enjoy peaceful, tree-filled territorial views from your private patio. Community amenities include a pool, hot tub, and sport court. Conveniently located near the new Federal Way light rail station, with easy access to shopping, dining, and major commuting routes, this is an excellent opportunity for affordable home ownership in south King County. No work needed, just move in and relax. HOA covers Water, Sewer and Garbage. 1 reserved parking spot with lots of extra parking.

431 S 325th Place Unit #W2, Federal Way

2101 S 324th Street Unit #189, Federal Way

$179,000

2 Beds ⋅ 2 Baths ⋅ 2589185 MLS

2101 S 324th Street Unit #189, Federal Way

$119,950

2 Beds ⋅ 1 Baths ⋅ 2586234 MLS

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-filled layout with [Square Footage] sq ft of cozy living space. Highlights include minisplit ac, new floors trim, along with a roof! Enjoy ample dedicated parking, private outdoor space, and shed storage. Unbeatable location—just minutes to I-5, Hwy 18, Pacific Hwy, local dining, shopping, and public transit. Low-maintenance, move-in ready, and full of potential! Space rent is $1,099 which includes garbage, water, and sewer

1660 S 333rd Street, Federal Way

1830 S 336th Street Unit #G-201, Federal Way

$320,000

2 Beds ⋅ 2 Baths ⋅ 2588905 MLS ⋅ Gardens Court Condo BLDG.

Welcome to South Garden Court! This beautifully refreshed top-floor, 2-bedroom, 1.75-bath condo offers 952 sqft of comfortable living in a convenient Federal Way location. Step inside to find new luxury vinyl flooring, fresh interior paint, and a bright, inviting living space anchored by a cozy fireplace. The updated kitchen features refreshed cabinet faces and stainless steel appliances, creating a clean and modern feel. Both bathrooms have been thoughtfully updated, including a beautifully remodeled primary bath. The spacious floor plan provides generous living and dining areas, well-sized bedrooms, and excellent flexibility for guests, a home office, or additional living space. Enjoy the convenience of carport parking and easy access to shopping, dining, parks, major commuter routes, and everyday amenities. Move-in ready and ready to make your own!

1830 S 336th Street Unit #G-201, Federal Way

1003 S 308th Street Unit #34, Federal Way

$179,950

1 Beds ⋅ 1 Baths ⋅ 2584743 MLS ⋅ Forest Lake Condos BLDG.

Nestled in a small, secluded community surrounded by greenery, this light and bright home offers comfortable living with an easy, low-maintenance lifestyle. Top floor end unit! The living space features durable LVP flooring throughout, creating a clean and cohesive feel that’s easy to maintain. The open kitchen offers white cabinetry and new lighting, while the adjoining living area provides a peaceful view of the surrounding trees. Enjoy your morning coffee with a little nature right outside your window, or step onto the private deck to soak up some sunshine. The spacious bedroom features large closets for plenty of storage, and the convenience continues with an in-home washer and dryer. New Hot Water heater in 2024. Additional highlights include a reserved covered parking space with secured storage area. Affordable monthly HOA dues which include water, sewer, and garbage service. Make your dream of homeownership come true!

1003 S 308th Street Unit #34, Federal Way

$209,900

1 Beds ⋅ 1 Baths ⋅ 2586412 MLS ⋅ Heritage Condomiums BLDG.

Welcome to this move-in ready one bed one bath unit with nice updates including new oven/range, great kitchen, fresh paint, new flooring, and brand-new bathroom fixtures, W/D hookup in bedroom closet. Living / Dining area open and bright with balcony off dining area. Wood burning fireplace adds coziness and charm. Unit has carport and there is guest/additional parking. Balcony overlooks green-yard area in back. Complex features, outdoor pool, clubhouse and sport court. This is a Fannie Mae HomePath property.

34034 1st Place S Unit #G, Federal Way

$239,950

2 Beds ⋅ 1 Baths ⋅ 2582379 MLS ⋅ Heritage Condos BLDG.

Welcome to the Heritage Condominiums! Convenient access via I-5 to Seattle, Tacoma or the Eastside in a beautiful wooded, grassy area in Federal Way, Washington. Celebration Park, a hospital, a library and a grocery store are all within walking distance as are several schools. Plus, you can rent the condominium's cabana for large parties! This first-floor condominium home features a welcoming, spacious living room area, a conveniently laid out kitchen with ample cabinet and counter space, two moderately-sized bedrooms with large closets and its own separate laundry room/pantry. Luxurious bamboo flooring throughout the home has upgraded its overall appearance. Its windows radiate the sunlight for a bright, airy feel inside. Not a bad thing on Seattle's rainy days! The deck was installed new 3 years ago and is warranted to last for 20 plus years. The appliances are in excellent condition with none being more than 5 years old. If you are looking for an affordable home in Federal Way, you may have found your new home!

105 S 340th Street Unit #A, Federal Way

32711 1st Place S Unit #235, Federal Way

$320,250

3 Beds ⋅ 2 Baths ⋅ 2582418 MLS ⋅ Colonial Forest Condo BLDG.

Space, convenience, and location come together in this 3-bedroom, 1.5-bath Federal Way condo! The functional layout offers comfortable living areas and flexible space for bedrooms, work, hobbies, or guests. Enjoy convenient access to shopping, dining, parks, schools, and major commuter routes. A great opportunity to own a well-located condo with room to make it your own. Come see it for yourself!

32711 1st Place S Unit #235, Federal Way

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Information courtesy of Intermountain Multiple Listing Service. Information provided by IMLS is deemed reliable but not guaranteed. IDX information is provided exclusively for consumers' personal, non‐commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IMLS does not assume any liability for missing or inaccurate data. All listings provided by IMLS are marked with the official IMLS IDX icon.