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Los Angeles County/Santa Monica/90401

90401

ZIPSAFMR
Los Angeles County, CA
Zillow

ZIP Investment Score

49Below average

095130300
BRFMR
Eff. Rent
0 BR$3,020$2,810
1 BR$3,370$3,400
2 BR$4,160$4,520
3 BR$5,280$5,620
4 BR$5,910$6,500
5 BR$6,796Not available
6 BR$7,816Not available
7 BR$8,988Not available
8 BR$10,337Not available

Purchase Price Calculator

Maximum purchase price
$609,754

Cost breakdown

+Likely effective rent$4,520
HUD FMR$4,160
Market rent$4,710
Est. payment standard (109%)Used$4,520
-Principal and interest-$3,083
Loan amount$487,803
Down payment$121,951
Rate6.50%
Term30 years
-Operating costs-$1,237
Property taxes-$610
Insurance-$175
Utilities$0
HOA$0
Management-$452
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$71,561(58.7% ROI)
Projected value
$656,638
Return breakdown
Property appreciation+$46,884
Loan principal paid down+$17,477
Rental cash flow+$7,200
5-year hold
+$123,292(101.1% ROI)
Projected value
$689,880
Return breakdown
Property appreciation+$80,127
Loan principal paid down+$31,166
Rental cash flow+$12,000
10-year hold
+$269,045(220.6% ROI)
Projected value
$780,536
Return breakdown
Property appreciation+$170,783
Loan principal paid down+$74,263
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.07
1 BR
0.99
2 BR
0.88
3 BR
0.91
4 BR
0.85
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 90401 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 90401 (Santa Monica, CA) is $4,160 a month. That is up 0.2% from $4,150 in FY 2026. Santa Monica 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, 90401 is tied for the 33rd-highest two-bedroom rent (county range $1,870–$4,450). The median county two-bedroom FMR in California is $1,725, so ZIP 90401 is 141% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 90401
BedroomsFY 2027Change90–110% range
Studio$3,020+1.7%$2,718–$3,322
1BR$3,370+1.2%$3,033–$3,707
2BR$4,160+0.2%$3,744–$4,576
3BR$5,280+0.4%$4,752–$5,808
4BR$5,910+0.9%$5,319–$6,501

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 90401
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$3,020$3,370$4,160$5,280$5,910
FY 2026$2,970$3,330$4,150$5,260$5,860
FY 2025$2,760$3,100$3,910$4,970$5,510
FY 2024$2,630$2,970$3,770$4,840$5,330
FY 2023$2,210$2,520$3,200$4,160$4,570

Two-bedroom rent in nearby Los Angeles County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 90401
90307$2,960−28.8%
90308$2,960−28.8%
90309$2,960−28.8%
90310$2,960−28.8%
90401Current$4,160—
90402$3,950−5.0%
90403$4,250+2.2%
90404$3,550−14.7%
90405$3,840−7.7%
90406$2,960−28.8%
90408$2,960−28.8%
90409$2,960−28.8%

Questions about ZIP 90401 rents

How much will Section 8 pay for a two-bedroom in ZIP 90401?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $4,160, that basic range is $3,744 to $4,576 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 90401 in?

ZIP 90401 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 90401 for FY 2027?

The two-bedroom FMR rose 0.2%, from $4,150 in FY 2026 to $4,160 in FY 2027. Since FY 2023 it has risen 30.0%.

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