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Los Angeles County/Downey/90241

90241

ZIPSAFMR
Los Angeles County, CA
Zillow

ZIP Investment Score

75Below average

095130300
BRFMR
Eff. Rent
0 BR$2,200$1,860
1 BR$2,460$2,280
2 BR$3,030$3,130
3 BR$3,840$4,040
4 BR$4,300$4,730
5 BR$4,945Not available
6 BR$5,687Not available
7 BR$6,540Not available
8 BR$7,521Not available

Purchase Price Calculator

Maximum purchase price
$403,200

Cost breakdown

+Likely effective rent$3,130
HUD FMR$3,030
Market rent$3,190
Est. payment standard (103%)Used$3,130
-Principal and interest-$2,039
Loan amount$322,560
Down payment$80,640
Rate6.50%
Term30 years
-Operating costs-$891
Property taxes-$403
Insurance-$175
Utilities$0
HOA$0
Management-$313
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$49,759(61.7% ROI)
Projected value
$434,203
Return breakdown
Property appreciation+$31,002
Loan principal paid down+$11,557
Rental cash flow+$7,200
5-year hold
+$85,592(106.1% ROI)
Projected value
$456,184
Return breakdown
Property appreciation+$52,984
Loan principal paid down+$20,608
Rental cash flow+$12,000
10-year hold
+$186,036(230.7% ROI)
Projected value
$516,130
Return breakdown
Property appreciation+$112,930
Loan principal paid down+$49,106
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.18
1 BR
1.08
2 BR
0.95
3 BR
0.93
4 BR
0.79
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 90241 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 90241 (Downey, CA) is $3,030 a month. That is up 6.3% from $2,850 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, 90241 is tied for the 162nd-highest two-bedroom rent (county range $1,870–$4,450). The median county two-bedroom FMR in California is $1,725, so ZIP 90241 is 76% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 90241
BedroomsFY 2027Change90–110% range
Studio$2,200+7.8%$1,980–$2,420
1BR$2,460+7.4%$2,214–$2,706
2BR$3,030+6.3%$2,727–$3,333
3BR$3,840+6.4%$3,456–$4,224
4BR$4,300+7.0%$3,870–$4,730

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 90241
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,200$2,460$3,030$3,840$4,300
FY 2026$2,040$2,290$2,850$3,610$4,020
FY 2025$1,750$1,970$2,480$3,150$3,490
FY 2024$1,700$1,920$2,430$3,120$3,440
FY 2023$1,510$1,720$2,190$2,850$3,120

Two-bedroom rent in nearby Los Angeles County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 90241
90231$2,960−2.3%
90232$4,040+33.3%
90239$2,960−2.3%
90240$3,010−0.7%
90241Current$3,030—
90242$2,870−5.3%
90245$4,250+40.3%
90247$2,710−10.6%
90248$2,560−15.5%
90249$2,640−12.9%
90250$2,790−7.9%
90251$2,960−2.3%

Questions about ZIP 90241 rents

How much will Section 8 pay for a two-bedroom in ZIP 90241?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $3,030, that basic range is $2,727 to $3,333 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 90241 in?

ZIP 90241 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 90241 for FY 2027?

The two-bedroom FMR rose 6.3%, from $2,850 in FY 2026 to $3,030 in FY 2027. Since FY 2023 it has risen 38.4%.

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