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Los Angeles County/Downey/90240

90240

ZIPSAFMR
Los Angeles County, CA
Zillow

ZIP Investment Score

76Below average

095130300
BRFMR
Eff. Rent
0 BR$2,180$1,820
1 BR$2,440$2,340
2 BR$3,010$3,080
3 BR$3,820$3,990
4 BR$4,270$4,590
5 BR$4,911Not available
6 BR$5,647Not available
7 BR$6,494Not available
8 BR$7,468Not available

Purchase Price Calculator

Maximum purchase price
$395,770

Cost breakdown

+Likely effective rent$3,080
HUD FMR$3,010
Market rent$3,110
Est. payment standard (102%)Used$3,080
-Principal and interest-$2,001
Loan amount$316,616
Down payment$79,154
Rate6.50%
Term30 years
-Operating costs-$879
Property taxes-$396
Insurance-$175
Utilities$0
HOA$0
Management-$308
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$48,975(61.9% ROI)
Projected value
$426,201
Return breakdown
Property appreciation+$30,431
Loan principal paid down+$11,344
Rental cash flow+$7,200
5-year hold
+$84,236(106.4% ROI)
Projected value
$447,778
Return breakdown
Property appreciation+$52,007
Loan principal paid down+$20,229
Rental cash flow+$12,000
10-year hold
+$183,050(231.3% ROI)
Projected value
$506,619
Return breakdown
Property appreciation+$110,849
Loan principal paid down+$48,201
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.20
1 BR
1.04
2 BR
0.97
3 BR
0.94
4 BR
0.90
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 90240 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 90240 (Downey, CA) is $3,010 a month. That is down 0.3% from $3,020 in FY 2026. Downey 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, 90240 is tied for the 165th-highest two-bedroom rent (county range $1,870–$4,450). The median county two-bedroom FMR in California is $1,725, so ZIP 90240 is 74% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 90240
BedroomsFY 2027Change90–110% range
Studio$2,180+0.9%$1,962–$2,398
1BR$2,440+0.8%$2,196–$2,684
2BR$3,010−0.3%$2,709–$3,311
3BR$3,820−0.3%$3,438–$4,202
4BR$4,270+0.2%$3,843–$4,697

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 90240
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,180$2,440$3,010$3,820$4,270
FY 2026$2,160$2,420$3,020$3,830$4,260
FY 2025$1,940$2,180$2,750$3,490$3,870
FY 2024$1,870$2,110$2,670$3,420$3,780
FY 2023$1,620$1,840$2,340$3,040$3,340

Two-bedroom rent in nearby Los Angeles County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 90240
90230$3,890+29.2%
90231$2,960−1.7%
90232$4,040+34.2%
90239$2,960−1.7%
90240Current$3,010—
90241$3,030+0.7%
90242$2,870−4.7%
90245$4,250+41.2%
90247$2,710−10.0%
90248$2,560−15.0%
90249$2,640−12.3%
90250$2,790−7.3%

Questions about ZIP 90240 rents

How much will Section 8 pay for a two-bedroom in ZIP 90240?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $3,010, that basic range is $2,709 to $3,311 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 90240 in?

ZIP 90240 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 90240 for FY 2027?

The two-bedroom FMR fell 0.3%, from $3,020 in FY 2026 to $3,010 in FY 2027. Since FY 2023 it has risen 28.6%.

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 rentDowney, CA fair market rentCA statewide rentsWhat is SAFMR?Data sources