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Los Angeles County/Culver City/90232

90232

ZIPSAFMR
Los Angeles County, CA
Zillow

ZIP Investment Score

54Below average

095130300
BRFMR
Eff. Rent
0 BR$2,930$2,990
1 BR$3,270$3,090
2 BR$4,040$4,370
3 BR$5,130$5,640
4 BR$5,740$6,310
5 BR$6,601Not available
6 BR$7,591Not available
7 BR$8,730Not available
8 BR$10,039Not available

Purchase Price Calculator

Maximum purchase price
$587,464

Cost breakdown

+Likely effective rent$4,370
HUD FMR$4,040
Market rent$4,550
Est. payment standard (108%)Used$4,370
-Principal and interest-$2,971
Loan amount$469,971
Down payment$117,493
Rate6.50%
Term30 years
-Operating costs-$1,199
Property taxes-$587
Insurance-$175
Utilities$0
HOA$0
Management-$437
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$69,208(58.9% ROI)
Projected value
$632,634
Return breakdown
Property appreciation+$45,170
Loan principal paid down+$16,838
Rental cash flow+$7,200
5-year hold
+$119,224(101.5% ROI)
Projected value
$664,661
Return breakdown
Property appreciation+$77,198
Loan principal paid down+$30,027
Rental cash flow+$12,000
10-year hold
+$260,087(221.4% ROI)
Projected value
$752,003
Return breakdown
Property appreciation+$164,540
Loan principal paid down+$71,548
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.97
1 BR
1.06
2 BR
0.89
3 BR
0.83
4 BR
0.70
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 90232 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 90232 (Culver City, CA) is $4,040 a month. That is up 2.8% from $3,930 in FY 2026. Culver City is in the Los Angeles-Long Beach-Glendale, CA HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 458 ZIP codes in Los Angeles County, 90232 is tied for the 42nd-highest two-bedroom rent (county range $1,870–$4,450). The median county two-bedroom FMR in California is $1,725, so ZIP 90232 is 134% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 90232
BedroomsFY 2027Change90–110% range
Studio$2,930+4.3%$2,637–$3,223
1BR$3,270+3.8%$2,943–$3,597
2BR$4,040+2.8%$3,636–$4,444
3BR$5,130+3.0%$4,617–$5,643
4BR$5,740+3.4%$5,166–$6,314

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 90232
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,930$3,270$4,040$5,130$5,740
FY 2026$2,810$3,150$3,930$4,980$5,550
FY 2025$2,420$2,710$3,420$4,350$4,820
FY 2024$2,350$2,660$3,370$4,320$4,770
FY 2023$2,050$2,340$2,970$3,860$4,240

Two-bedroom rent in nearby Los Angeles County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 90232
90220$2,410−40.3%
90221$2,430−39.9%
90222$2,490−38.4%
90223$2,960−26.7%
90224$2,960−26.7%
90230$3,890−3.7%
90231$2,960−26.7%
90232Current$4,040—
90239$2,960−26.7%
90240$3,010−25.5%
90241$3,030−25.0%
90242$2,870−29.0%

Questions about ZIP 90232 rents

How much will Section 8 pay for a two-bedroom in ZIP 90232?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $4,040, that basic range is $3,636 to $4,444 a month. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is ZIP 90232 in?

ZIP 90232 is in the Los Angeles-Long Beach-Glendale, CA HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.

How much did fair market rent change in ZIP 90232 for FY 2027?

The two-bedroom FMR rose 2.8%, from $3,930 in FY 2026 to $4,040 in FY 2027. Since FY 2023 it has risen 36.0%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rentCulver City, CA fair market rentCA statewide rentsWhat is SAFMR?Data sources