What is the Best Neighborhoods USA ranking for Lake Ota?
Lake Ota is ranked #10 of 14 eligible neighborhoods in Federal Way; #428 of 533 eligible neighborhoods in WA; and #11,335 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Lake Ota
Federal Way, WA | King County
Scored premium profile
Best Neighborhoods USA Index
38.9
Stability and Strength
48.5
Value Opportunity
42.0
Momentum
19.2
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Federal Way, WA |
| County | King County |
| National rank | #11,335 of 14,967 |
| State rank | #428 of 533 |
| City rank | #10 of 14 |
| County rank | #255 of 287 |
| National percentile | 24.3 |
| National band | LOWER_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $560,334 |
| Year-over-year home value change | -2.5% |
| Month-over-month home value change | -0.30% |
| Home value to income ratio | 6.30 |
| Median household income | $88,979 |
| Bachelor's degree or higher | 13.3% |
| Civilian unemployment rate | 6.2% |
| Homeownership rate | 85.1% |
| Housing vacancy rate | 2.5% |
| Rent burden 30% or higher | 59.3% |
How to read this profile
- Ranks are always shown with denominators.
- Momentum reflects both year-over-year and month-over-month housing change.
- Stability and Strength and Value Opportunity are governed composite scores.
- Identity composition is descriptive intelligence and is not a scoring component.
Questions and Answers
Questions About Living in Lake Ota
Is Lake Ota one of the best neighborhoods in Federal Way?
Lake Ota has a Best Neighborhoods USA Index of 38.9 and a city ranking of #10 of 14 eligible neighborhoods in Federal Way.
How much are homes worth in Lake Ota?
The current Zillow Home Value Index for Lake Ota is approximately $560,334.
Are home values rising or falling in Lake Ota?
Zillow neighborhood values changed -2.5% year over year and -0.30% month over month.
What is the Neighborhood Momentum Score for Lake Ota?
Lake Ota has a Neighborhood Momentum Score of 19.2. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Lake Ota?
The NDS-derived neighborhood median household income is approximately $88,979.
How affordable is Lake Ota relative to household income?
The current Zillow home-value-to-household-income ratio is 6.30. Price-to-income affordability is a major Value Opportunity input.
Is Lake Ota primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 85.1%.
What is the unemployment rate in Lake Ota?
The NDS-derived civilian unemployment rate is approximately 6.2%.
How educated are residents of Lake Ota?
Approximately 13.3% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Lake Ota face high rent burden?
Approximately 59.3% of the applicable renter-household universe is estimated to spend 30% or more of household income on gross rent.
How does Best Neighborhoods USA score Lake Ota?
The overall index combines 40% Stability and Strength, 35% Value Opportunity, and 25% Momentum. Race, ethnicity, and identity composition are not scoring components.
Governed ranking context
How this neighborhood ranks
HMDA Mortgage Intelligence
Neighborhood Mortgage Market
Modeled neighborhood-level mortgage activity allocated from governed HMDA tract data using Zillow neighborhood geometry. These neighborhood values are nonadditive and do not enter the Best Neighborhoods USA Index.
Activity year2024
Estimated applications53
Estimated originations28
Home-purchase applications19
Origination rate52.6%
Home-purchase share36.5%
Average application loan$285,288
Total application loan amount$15,204,597
National application rank#6,984 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 17.8% YoY; originations 11.0% YoY
Mortgage methodology
HMDA is natively reported at tract and other lender-reporting geographies, not Zillow neighborhood or ZIP geography. This module uses the certified NDS HMDA-to-Zillow tract-vintage crosswalk and area-weighted allocation. Rankings require governed geometry coverage. Applicant demographics are excluded. Neighborhood values may overlap and must not be summed to reconstruct ZIP or national totals.