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Downey city, CA

ZIP 90240 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 90240

Median Home Value
$764,200
Median Rent
$1,828
Affordability Snapshot
$210,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$4,909/mo PITI).

20%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

7.0x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

34.8 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 90240 in Downey city, CA, a household would need roughly $210,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $4,909. That is about 93% above the local median household income ($108,860), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
65.6%+0% vs US avg
x
Vacancy Rate
4.2%-59% vs US avg
x
Broadband Access
96.2%+11% vs US avg
x
4+ Bedrooms
5.7%-62% vs US avg
x
Built Pre-1939
8.3%-35% vs US avg
x
Built Post-2014
1.1%-84% vs US avg
x
Rent Burden >30%
23.5%-53% vs US avg
x
Mortgage-Free
29.8%-22% vs US avg
x
$764,200
Home Value
$1,828
Rent
1958
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached71.3%
  • 1-unit attached2.5%
  • 2-9 units4.9%
  • 10+ units20.6%
  • Mobile home & other0.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$764,200
Median rent$1,828
Owner-occupied65.6%
Vacant4.2%
Price-to-income7.0x
Est. income to buy$210,000