ZIP Code · CA

ZIP 90240

Part of Downey, CA

Pop. 24,853·Los Angeles County·386th most expensive ZIP in California

Median rent (all units)

$2,894/mo

Year-over-Year

+2.4%

Month-over-Month

+0.3%

vs US Median

+$962

Reported rents

Stable (Monthly)

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ZIP 90240 · $2,894

More expensive than 89% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,930

1 BR

$2,160

2 BR

$2,700

3 BR

$3,420

4 BR+

$3,810

Research median

$2,700/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: September 25, 2026

From the history

What the numbers show

Past year vs. the rest of California

Rent in ZIP 90240 changed +2.4% over the year to August 2026. Across the 819 California ZIP codes Zillow tracks, the typical change was +3.0%.

Recent direction

Rent rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($101,904) is $2,548 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($2,160); a 2-bedroom is $2,700.

Cheaper nearby

ZIP 90241, 1 mile away, rents for 19% less ($2,355/mo), about $6,500 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 90240. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$34,728/yr

At $2,894/mo median

Location

CityDowney

StateCA

CountyLos Angeles County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (2.4% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+2.4% YoY, +0.3% MoM), not inventory.

Demographics

Who lives here

ZIP 90240 (Downey, CA) is majority owner-occupied, has a median income above the national average, 29.3% of residents hold a bachelor's degree or higher.

Population

24,853

Median income

$101,904

Median age

38.9

Renters

35.1%

Age distribution

21.8%

22.3%

30.4%

12.2%

13.3%

Under 1821.8%

18–3422.3%

35–5430.4%

55–6412.2%

65+13.3%

Gender

48%

52%

Male48%

Female52%

Race & ethnicity

20.4%

71.9%

White20.4%

Black3.8%

Hispanic71.9%

Asian9.7%

Education (25+)

15.1%

23.5%

32%

29.3%

No HS diploma15.1%

HS diploma23.5%

Some college32%

Bachelor's+29.3%

Housing tenure

64.9%

35.1%

Owner64.9%

Renter35.1%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 90240 in Downey, CA has changed in 5 years

Income

$91,518 → $101,904

up 11.3%

Population

26,590 → 24,853

down 6.5%

Renter share

36.2% → 35.1%

-1.1 pts

Bachelor's+

27.8% → 29.3%

+1.5 pts

Median age

37.7 → 38.9

+1.2 yrs

Local incomes tracked alongside that move, going from a median of $91,518 in 2021 to $101,904 more recently. The population has contracted by 6.5% since 2021, moving from about 26,590 residents to roughly 24,853.

Community

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Local insights

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About renting in ZIP 90240

Last updated: September 25, 2026

ZIP code 90240 covers Downey, CA. The median rent here is $2,894/mo as of September 2026. A 1-bedroom rents for a median of $2,160/mo. A 2-bedroom rents for a median of $2,700/mo.

At 34% of local median household income ($101,904/yr), ZIP 90240 ranks as moderate compared to the national benchmark of 30%. Rents have increased 2.4% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 90240?

To keep rent at or below 30% of gross income, you would need to earn at least $116,000/year (about $56/hour full-time) to afford the median rent of $2,894/mo in ZIP 90240. The local median household income is $101,904/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 90240?

Rent in ZIP 90240 has risen 2.4% over the past year.

How does ZIP 90240 compare to other ZIPs in California?

ZIP 90240 is in the middle among California ZIP codes for rent, ranking #386 of 906 at $2,894/mo. Over the year to August 2026, rent in ZIP 90240 changed +2.4%, against a typical +3.0% across the 819 California ZIP codes Zillow tracks.