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Los Angeles County/Santa Monica/90405

90405

ZIPSAFMR
Los Angeles County, CA
Zillow

ZIP Investment Score

37Below average

095130300
BRFMR
Eff. Rent
0 BR$2,790$2,840
1 BR$3,110$3,410
2 BR$3,840$4,220
3 BR$4,870$5,360
4 BR$5,450$6,000
5 BR$6,267Not available
6 BR$7,208Not available
7 BR$8,289Not available
8 BR$9,532Not available

Purchase Price Calculator

Maximum purchase price
$565,174

Cost breakdown

+Likely effective rent$4,220
HUD FMR$3,840
Market rent$4,640
Est. payment standard (110%)Used$4,220
-Principal and interest-$2,858
Loan amount$452,139
Down payment$113,035
Rate6.50%
Term30 years
-Operating costs-$1,162
Property taxes-$565
Insurance-$175
Utilities$0
HOA$0
Management-$422
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$66,856(59.1% ROI)
Projected value
$608,630
Return breakdown
Property appreciation+$43,457
Loan principal paid down+$16,199
Rental cash flow+$7,200
5-year hold
+$115,156(101.9% ROI)
Projected value
$639,442
Return breakdown
Property appreciation+$74,268
Loan principal paid down+$28,887
Rental cash flow+$12,000
10-year hold
+$251,130(222.2% ROI)
Projected value
$723,470
Return breakdown
Property appreciation+$158,296
Loan principal paid down+$68,833
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.97
1 BR
0.87
2 BR
0.83
3 BR
0.69
4 BR
0.46
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 90405 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 90405 (Santa Monica, CA) is $3,840 a month. That is up 8.2% from $3,550 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, 90405 has the 60th-highest two-bedroom rent (county range $1,870–$4,450). The median county two-bedroom FMR in California is $1,725, so ZIP 90405 is 123% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 90405
BedroomsFY 2027Change90–110% range
Studio$2,790+9.8%$2,511–$3,069
1BR$3,110+9.1%$2,799–$3,421
2BR$3,840+8.2%$3,456–$4,224
3BR$4,870+8.2%$4,383–$5,357
4BR$5,450+8.8%$4,905–$5,995

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 90405
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,790$3,110$3,840$4,870$5,450
FY 2026$2,540$2,850$3,550$4,500$5,010
FY 2025$2,120$2,380$3,000$3,810$4,230
FY 2024$2,070$2,330$2,960$3,800$4,190
FY 2023$1,820$2,070$2,630$3,420$3,750

Two-bedroom rent in nearby Los Angeles County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 90405
90308$2,960−22.9%
90309$2,960−22.9%
90310$2,960−22.9%
90401$4,160+8.3%
90402$3,950+2.9%
90403$4,250+10.7%
90404$3,550−7.6%
90405Current$3,840—
90406$2,960−22.9%
90408$2,960−22.9%
90409$2,960−22.9%
90501$3,020−21.4%

Questions about ZIP 90405 rents

How much will Section 8 pay for a two-bedroom in ZIP 90405?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $3,840, that basic range is $3,456 to $4,224 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 90405 in?

ZIP 90405 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 90405 for FY 2027?

The two-bedroom FMR rose 8.2%, from $3,550 in FY 2026 to $3,840 in FY 2027. Since FY 2023 it has risen 46.0%.

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