Skip to main content
Loading page
Los Angeles County/Santa Monica/90404

90404

ZIPSAFMR
Los Angeles County, CA
Zillow

ZIP Investment Score

64Below average

095130300
BRFMR
Eff. Rent
0 BR$2,580$2,480
1 BR$2,880$2,910
2 BR$3,550$3,720
3 BR$4,500$4,950
4 BR$5,040$5,270
5 BR$5,796Not available
6 BR$6,665Not available
7 BR$7,665Not available
8 BR$8,815Not available

Purchase Price Calculator

Maximum purchase price
$490,874

Cost breakdown

+Likely effective rent$3,720
HUD FMR$3,550
Market rent$3,810
Est. payment standard (105%)Used$3,720
-Principal and interest-$2,482
Loan amount$392,699
Down payment$98,175
Rate6.50%
Term30 years
-Operating costs-$1,038
Property taxes-$491
Insurance-$175
Utilities$0
HOA$0
Management-$372
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$59,013(60.1% ROI)
Projected value
$528,618
Return breakdown
Property appreciation+$37,744
Loan principal paid down+$14,069
Rental cash flow+$7,200
5-year hold
+$101,595(103.5% ROI)
Projected value
$555,379
Return breakdown
Property appreciation+$64,505
Loan principal paid down+$25,090
Rental cash flow+$12,000
10-year hold
+$221,270(225.4% ROI)
Projected value
$628,360
Return breakdown
Property appreciation+$137,486
Loan principal paid down+$59,784
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
1.04
1 BR
0.98
2 BR
0.93
3 BR
0.80
4 BR
0.94
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 90404 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 90404 (Santa Monica, CA) is $3,550 a month. That is up 6.9% from $3,320 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, 90404 is tied for the 84th-highest two-bedroom rent (county range $1,870–$4,450). The median county two-bedroom FMR in California is $1,725, so ZIP 90404 is 106% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 90404
BedroomsFY 2027Change90–110% range
Studio$2,580+8.4%$2,322–$2,838
1BR$2,880+8.3%$2,592–$3,168
2BR$3,550+6.9%$3,195–$3,905
3BR$4,500+6.9%$4,050–$4,950
4BR$5,040+7.5%$4,536–$5,544

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 90404
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,580$2,880$3,550$4,500$5,040
FY 2026$2,380$2,660$3,320$4,210$4,690
FY 2025$2,010$2,250$2,840$3,610$4,000
FY 2024$1,870$2,110$2,680$3,440$3,790
FY 2023$1,620$1,850$2,350$3,050$3,350

Two-bedroom rent in nearby Los Angeles County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 90404
90307$2,960−16.6%
90308$2,960−16.6%
90309$2,960−16.6%
90310$2,960−16.6%
90401$4,160+17.2%
90402$3,950+11.3%
90403$4,250+19.7%
90404Current$3,550—
90405$3,840+8.2%
90406$2,960−16.6%
90408$2,960−16.6%
90409$2,960−16.6%

Questions about ZIP 90404 rents

How much will Section 8 pay for a two-bedroom in ZIP 90404?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $3,550, that basic range is $3,195 to $3,905 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 90404 in?

ZIP 90404 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 90404 for FY 2027?

The two-bedroom FMR rose 6.9%, from $3,320 in FY 2026 to $3,550 in FY 2027. Since FY 2023 it has risen 51.1%.

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