About This Property
Parkway Apartments is a 208-unit community in Federal Way, WA that includes 203 low-income units designed to serve individuals with disabilities. The property features 136 one-bedroom and 72 two-bedroom units and has operated since 2003 with funding through tax-exempt bonds and 4% Low Income Housing Tax Credits. This non-profit owned community remains committed to providing affordable housing options in King County.
Property Details
HUD Inspection Score
HUD inspects properties on a 0-100 scale. Scores above 60 are considered passing.
Fair Market Rent - King County, WA
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $2,211 |
| 1 Bedroom | $2,269 |
| 2 Bedroom | $2,645 |
| 3 Bedroom | $3,510 |
| 4 Bedroom | $4,080 |
Income Limits - King County, WA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $24,300
- Very Low (50%)
- $40,500
- Low (80%)
- $63,350
- Extremely Low (30%)
- $27,800
- Very Low (50%)
- $46,300
- Low (80%)
- $72,400
- Extremely Low (30%)
- $31,250
- Very Low (50%)
- $52,100
- Low (80%)
- $81,450
- Extremely Low (30%)
- $34,700
- Very Low (50%)
- $57,850
- Low (80%)
- $90,500
- Extremely Low (30%)
- $37,500
- Very Low (50%)
- $62,500
- Low (80%)
- $97,750
- Extremely Low (30%)
- $40,300
- Very Low (50%)
- $67,150
- Low (80%)
- $105,000
- Extremely Low (30%)
- $43,050
- Very Low (50%)
- $71,750
- Low (80%)
- $112,250
- Extremely Low (30%)
- $45,850
- Very Low (50%)
- $76,400
- Low (80%)
- $119,500
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $24,300 | $40,500 | $63,350 |
| 2 Persons | $27,800 | $46,300 | $72,400 |
| 3 Persons | $31,250 | $52,100 | $81,450 |
| 4 Persons | $34,700 | $57,850 | $90,500 |
| 5 Persons | $37,500 | $62,500 | $97,750 |
| 6 Persons | $40,300 | $67,150 | $105,000 |
| 7 Persons | $43,050 | $71,750 | $112,250 |
| 8 Persons | $45,850 | $76,400 | $119,500 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Federal Way, WA?+
The Fair Market Rent (FMR) for King County, WA is: $2211 (Studio), $2269 (1BR), $2645 (2BR), $3510 (3BR), $4080 (4BR). Actual rent at subsidized properties like Parkway Apartments is typically 30% of household income or less.
What size apartments are available at Parkway Apartments?+
Parkway Apartments offers the following unit types: 136 One-Bedroom, 72 Two-Bedroom units, for a total of 208 units.
Who manages Parkway Apartments?+
Parkway Apartments is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Parkway Apartments?+
Parkway Apartments is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
Who is eligible to live at Parkway Apartments?+
Parkway Apartments primarily serves persons with disabilities. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What are the income limits for affordable housing in King County, WA?+
For a 4-person household in King County, WA, the income limits are: Extremely Low Income (30% AMI): $34,700, Very Low Income (50% AMI): $57,850, Low Income (80% AMI): $90,500. These limits are set by HUD and updated annually.
What is the price range for apartments in Federal Way, WA?+
Based on Fair Market Rent for King County, the estimated price range is: 1-bedroom: $2269, 2-bedroom: $2645. Actual rent at Parkway Apartments may be lower for income-eligible households.
What is the HUD inspection score for Parkway Apartments?+
Parkway Apartments has a HUD inspection score of 81 out of 100, which is considered good. HUD inspects subsidized housing properties to ensure they meet minimum health and safety standards. Scores of 60 or above are considered passing.
Contact Information
Walk Score
Very Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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