FY2027 Small Area FMR · Downey, CA

ZIP 90240 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 90240 (Downey, CA) is $3,010 a month, down 0.3% from FY2026. That is 2% above the Los Angeles-Long Beach-Glendale, CA area-wide FMR of $2,964.

2-bedroom SAFMR$3,010per month ▼ 0.3%

Area-wide 2 BR FMR$2,964Los Angeles-Long Beach-Glend

Rank in the area171stof 474 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$2,709

2 BR Small Area FMR$3,010

110% of SAFMR$3,311

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$2,180▲ 0.9%

1 BR$2,440▲ 0.8%

2 BR$3,010▼ 0.3%

3 BR$3,820▼ 0.3%

4 BR$4,270▲ 0.2%

FY2027 FY2026

Where 90240 sits in the Los Angeles-Long Beach-Glendale, CA area

Of the 474 ZIP codes HUD lists for the area, 90240 has the 171st highest two-bedroom Small Area FMR. Los Angeles-Long Beach-Glendale, CA is one of the 65 metro areas where HUD requires Small Area FMRs for the Housing Choice Voucher program (designated 2023), so local housing agencies must set payment standards from this ZIP code's figure, normally between $2,709 and $3,311 for two bedrooms.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$2,180	$1,962 – $2,398	$2,151	$2,160
1 bedroom	$2,440	$2,196 – $2,684	$2,402	$2,420
2 bedrooms	$3,010	$2,709 – $3,311	$2,964	$3,020
3 bedrooms	$3,820	$3,438 – $4,202	$3,760	$3,830
4 bedrooms	$4,270	$3,843 – $4,697	$4,208	$4,260

A household renting a two-bedroom home at the Small Area FMR of $3,010 needs about $120,400 a year to keep housing costs at 30% of income. The area median family income is $108,100 and the 80% low-income limit for four people is $133,250. ZIP code 90240 lies mainly in Los Angeles County. See the Los Angeles-Long Beach-Glendale, CA county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
90241	Downey	1.2 mi	$3,030
90242	Downey	2.7 mi	$2,870
90660	Pico Rivera	2.9 mi	$2,790
90201	Bell Gardens	3.2 mi	$2,520
90040	Los Angeles	3.2 mi	$2,290
90606	Whittier	3.3 mi	$2,960

Questions

What is the Fair Market Rent for ZIP code 90240?

HUD's FY2027 Small Area Fair Market Rents for 90240 are $2,180 (studio), $2,440 (1 BR), $3,010 (2 BR), $3,820 (3 BR) and $4,270 (4 BR) a month.

What is the Section 8 payment standard in 90240?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 90240 that range is $2,709 to $3,311 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 90240?

The FY2026 income limits of the Los Angeles-Long Beach-Glendale, CA area apply: median family income $108,100, low-income (80%) limit $133,250 for a family of four.