{
  "schema_version": "1.0",
  "submarket": {
    "slug": "federal-way-des-moines-wa",
    "name": "Federal Way / Des Moines",
    "state": "WA",
    "city": "FEDERAL WAY",
    "cbsa": "Seattle-Tacoma-Bellevue",
    "zip_codes": [
      "98003",
      "98023",
      "98198"
    ]
  },
  "report": {
    "yearmonth": "202604",
    "month_label": "April 2026",
    "first_published_at": "2026-04-20T00:53:15.797Z",
    "last_updated_at": "2026-06-02T13:45:11.761Z"
  },
  "rents": {
    "apartment": {
      "1br": {
        "median": 1639,
        "low": 1557,
        "high": 1721,
        "mom_pct": -0.7884234234234235,
        "yoy_pct": 0.9303153153153155
      },
      "2br": {
        "median": 1828,
        "low": 1736,
        "high": 1919,
        "mom_pct": -1.8293396226415095,
        "yoy_pct": -3.775188679245283
      },
      "3br": {
        "median": 2377,
        "low": 2258,
        "high": 2496,
        "mom_pct": 2.48921568627451,
        "yoy_pct": -1.8446078431372548
      },
      "4br": {
        "median": 4127,
        "low": 3892,
        "high": 4363,
        "mom_pct": -1.199090909090909,
        "yoy_pct": -5.543636363636364
      }
    },
    "condo_townhome": {
      "1br": {
        "median": 1686,
        "low": 1644,
        "high": 1728,
        "mom_pct": -2.3284615384615384,
        "yoy_pct": -2.442307692307692
      },
      "2br": {
        "median": 1959,
        "low": 1910,
        "high": 2008,
        "mom_pct": -0.9549999999999997,
        "yoy_pct": -2.3175
      },
      "3br": {
        "median": 2703,
        "low": 2622,
        "high": 2784,
        "mom_pct": -0.20555555555555557,
        "yoy_pct": 0.10666666666666666
      },
      "4br": {
        "median": 4470,
        "low": 4314,
        "high": 4626,
        "mom_pct": -0.1933333333333333,
        "yoy_pct": 0.6833333333333332
      }
    },
    "single_family": {
      "1br": {
        "median": 2364,
        "low": 2269,
        "high": 2458,
        "mom_pct": 0.4606666666666666,
        "yoy_pct": -11.217333333333332
      },
      "2br": {
        "median": 2612,
        "low": 2494,
        "high": 2729,
        "mom_pct": -7.304000000000001,
        "yoy_pct": -13.5676
      },
      "3br": {
        "median": 3100,
        "low": 2961,
        "high": 3240,
        "mom_pct": 2.3177551020408167,
        "yoy_pct": 0.9122448979591841
      },
      "4br": {
        "median": 3512,
        "low": 3337,
        "high": 3688,
        "mom_pct": -0.48406249999999995,
        "yoy_pct": -2.716875
      }
    }
  },
  "vacancy": 3.6627999999999994,
  "days_on_market": {
    "apartment": 37,
    "condo_townhome": 35,
    "single_family": 24
  },
  "ai_summary": [
    {
      "headline": "2BR single-family rents slide 7.3% MoM",
      "body": "In the Federal Way / Des Moines (98003, 98023, 98198) rental market, 2-bedroom single-family homes saw a sharp month-over-month decline of 7.3%, with median rent landing at $2,612. Year-over-year, this segment decreased by 13.6%, marking the steepest drop across all major property categories for April."
    },
    {
      "headline": "3BR apartments rise 2.5% to $2,377",
      "body": "With a 2.5% monthly increase, 3-bedroom apartments in Federal Way / Des Moines (98003, 98023, 98198) reached $2,377 for median rent. This growth was the only positive showing among apartment types this period, as both 2BR and 4BR apartments registered negative month-over-month changes."
    },
    {
      "headline": "4BR condos lead apartments by $343",
      "body": "Examining larger units, Federal Way / Des Moines (98003, 98023, 98198) rental trends reveal 4-bedroom condos at $4,470—$343 above the equivalent apartment segment. Condos posted a 0.7% annual increase, while apartments declined 5.5% over the same period, underscoring superior annual price retention for condo units."
    }
  ],
  "summary": {
    "canonical": [
      "As of April 2026, rental prices in Federal Way / Des Moines, WA range from $1,639 to $4,470 per month depending on property type and bedroom count.",
      "The most significant year-over-year change is a -13.57% decrease for single-family 2BR rentals in Federal Way / Des Moines, WA.",
      "For 4BR units, condos/townhomes rent for $4,470 while single-family homes are $3,512."
    ],
    "qa": [
      {
        "question": "What is the typical rent range in Federal Way / Des Moines, WA as of April 2026?",
        "answer": "As of April 2026, rents in Federal Way / Des Moines, WA range from $1,639 for a 1BR apartment up to $4,470 for a 4BR condo/townhome."
      },
      {
        "question": "How much do 4BR condo/townhome rents exceed 4BR single-family home rents in Federal Way / Des Moines, WA?",
        "answer": "In April 2026, 4BR condos/townhomes rent for $4,470 per month and 4BR single-family homes rent for $3,512 per month in Federal Way / Des Moines, WA, a premium of $958 for condos/townhomes."
      },
      {
        "question": "Which segment had the largest annual decline in Federal Way / Des Moines, WA and was this concentrated or broad?",
        "answer": "The largest annual decline is in single-family 2BR rentals, which fell by -13.57% year-over-year in April 2026, with declines also seen in other single-family bedrooms but this being the sharpest."
      },
      {
        "question": "What is a notable outlier in the Federal Way / Des Moines, WA rental market as of April 2026?",
        "answer": "1BR single-family homes have a median rent of $2,364, which is much higher than 1BR apartments at $1,639 and 1BR condos/townhomes at $1,686."
      }
    ]
  },
  "history": [
    {
      "yearmonth": "202604",
      "month_label": "April 2026",
      "rents": {
        "apartment": {
          "1br": 1639,
          "2br": 1828,
          "3br": 2377,
          "4br": 4127
        },
        "condo_townhome": {
          "1br": 1686,
          "2br": 1959,
          "3br": 2703,
          "4br": 4470
        },
        "single_family": {
          "1br": 2364,
          "2br": 2612,
          "3br": 3100,
          "4br": 3512
        }
      }
    },
    {
      "yearmonth": "202603",
      "month_label": "March 2026",
      "rents": {
        "apartment": {
          "1br": 1651,
          "2br": 1855,
          "3br": 2332,
          "4br": 4181
        },
        "condo_townhome": {
          "1br": 1714,
          "2br": 1996,
          "3br": 2668,
          "4br": 4478
        },
        "single_family": {
          "1br": 2338,
          "2br": 2812,
          "3br": 3055,
          "4br": 3605
        }
      }
    },
    {
      "yearmonth": "202602",
      "month_label": "February 2026",
      "rents": {
        "apartment": {
          "1br": 1607,
          "2br": 1839,
          "3br": 2321,
          "4br": 4248
        },
        "condo_townhome": {
          "1br": 1728,
          "2br": 1994,
          "3br": 2525,
          "4br": 4502
        },
        "single_family": {
          "1br": 2763,
          "2br": 3124,
          "3br": 3025,
          "4br": 3607
        }
      }
    },
    {
      "yearmonth": "202601",
      "month_label": "January 2026",
      "rents": {
        "apartment": {
          "1br": 1595,
          "2br": 1881,
          "3br": 2511,
          "4br": 4473
        },
        "condo_townhome": {
          "1br": 1708,
          "2br": 1991,
          "3br": 2682,
          "4br": 4548
        },
        "single_family": {
          "1br": 2782,
          "2br": 3156,
          "3br": 3052,
          "4br": 3639
        }
      }
    },
    {
      "yearmonth": "202512",
      "month_label": "December 2025",
      "rents": {
        "apartment": {
          "1br": 1604,
          "2br": 1866,
          "3br": 2520,
          "4br": 4522
        },
        "condo_townhome": {
          "1br": 1746,
          "2br": 1956,
          "3br": 2695,
          "4br": 4628
        },
        "single_family": {
          "1br": 2796,
          "2br": 3181,
          "3br": 3081,
          "4br": 3621
        }
      }
    },
    {
      "yearmonth": "202511",
      "month_label": "November 2025",
      "rents": {
        "apartment": {
          "1br": 1609,
          "2br": 1917,
          "3br": 2508,
          "4br": 4525
        },
        "condo_townhome": {
          "1br": 1735,
          "2br": 2007,
          "3br": 2708,
          "4br": 4660
        },
        "single_family": {
          "1br": 2806,
          "2br": 3206,
          "3br": 3123,
          "4br": 3634
        }
      }
    },
    {
      "yearmonth": "202510",
      "month_label": "October 2025",
      "rents": {
        "apartment": {
          "1br": 1643,
          "2br": 1925,
          "3br": 2544,
          "4br": 4579
        },
        "condo_townhome": {
          "1br": 1712,
          "2br": 2042,
          "3br": 2684,
          "4br": 4680
        },
        "single_family": {
          "1br": 2803,
          "2br": 3206,
          "3br": 3137,
          "4br": 3677
        }
      }
    },
    {
      "yearmonth": "202509",
      "month_label": "September 2025",
      "rents": {
        "apartment": {
          "1br": 1659,
          "2br": 1978,
          "3br": 2618,
          "4br": 4614
        },
        "condo_townhome": {
          "1br": 1742,
          "2br": 2084,
          "3br": 2647,
          "4br": 4691
        },
        "single_family": {
          "1br": 2798,
          "2br": 3203,
          "3br": 3155,
          "4br": 3655
        }
      }
    },
    {
      "yearmonth": "202508",
      "month_label": "August 2025",
      "rents": {
        "apartment": {
          "1br": 1657,
          "2br": 1976,
          "3br": 2585,
          "4br": 4583
        },
        "condo_townhome": {
          "1br": 1738,
          "2br": 2059,
          "3br": 2640,
          "4br": 4682
        },
        "single_family": {
          "1br": 2777,
          "2br": 3179,
          "3br": 3143,
          "4br": 3618
        }
      }
    },
    {
      "yearmonth": "202507",
      "month_label": "July 2025",
      "rents": {
        "apartment": {
          "1br": 1648,
          "2br": 1979,
          "3br": 2584,
          "4br": 4558
        },
        "condo_townhome": {
          "1br": 1727,
          "2br": 2045,
          "3br": 2655,
          "4br": 4640
        },
        "single_family": {
          "1br": 2752,
          "2br": 3152,
          "3br": 3172,
          "4br": 3576
        }
      }
    },
    {
      "yearmonth": "202506",
      "month_label": "June 2025",
      "rents": {
        "apartment": {
          "1br": 1629,
          "2br": 1947,
          "3br": 2517,
          "4br": 4525
        },
        "condo_townhome": {
          "1br": 1739,
          "2br": 2059,
          "3br": 2653,
          "4br": 4580
        },
        "single_family": {
          "1br": 2723,
          "2br": 3110,
          "3br": 3134,
          "4br": 3611
        }
      }
    },
    {
      "yearmonth": "202505",
      "month_label": "May 2025",
      "rents": {
        "apartment": {
          "1br": 1625,
          "2br": 1917,
          "3br": 2508,
          "4br": 4475
        },
        "condo_townhome": {
          "1br": 1726,
          "2br": 2060,
          "3br": 2648,
          "4br": 4502
        },
        "single_family": {
          "1br": 2691,
          "2br": 3055,
          "3br": 3104,
          "4br": 3625
        }
      }
    }
  ],
  "links": {
    "data_page": "https://data.estaite.com/submarkets/federal-way-des-moines-wa/",
    "self": "https://data.estaite.com/feeds/federal-way-des-moines-wa.json"
  },
  "license": "CC BY 4.0",
  "license_url": "https://creativecommons.org/licenses/by/4.0/",
  "attribution": "Data provided by Estaite (https://estaite.com)"
}