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PARK 16

LIHTC
35703 16TH AVENUE SOUTH, FEDERAL WAY, WA, 98003
Heads up:we don’t track current vacancy or pricing for individual units. This page describes the building’s federal-program participation and unit mix as reported to HUD. Contact property management directly for available units, application steps, and waitlist status.

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Location

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Building details

Income-restricted units
289
Total units
293
Year placed in service
2015
Construction type
unknown
Affordability period
n/a

Bedroom mix

  • 66 1-bedroom
  • 78 2-bedroom
  • 54 3-bedroom
  • 95 4+ bedroom

Fair Market Rent for 98003

Zip-level (SAFMR)
BedroomsLocal FMR
Studio$1,820
1 bedroom$1,880
2 bedroom$2,190
3 bedroom$2,870
4 bedroom$3,370

Fair Market Rent is HUD’s annual benchmark for the cost of rental housing in a given area. Source: HUD Fair Market Rent, FY2026.

Estimated total housing cost for a 2-bedroom unit at FMR: $2,190 rent + $126 utilities = $2,316/mo.

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