ZIP Code 90240 — Downey, California

The median home in 90240 is valued at $710,700 against a median household income of $99,874, a price-to-income ratio of 7.1. That is above the 6.7 median across the 1,558 California ZIP codes with published housing data, and well past the 3.0 ratio that marks an attainable market nationally, so buying here on a local median income requires substantial savings or a second income. Within Los Angeles County, 90240 ranks 59 of 275 ZIPs on affordability (1 = lowest ratio); the county median ratio is 9.2. Renting takes 23.0% of median household income (median rent $1,913 a month), under the 30% cost-burden threshold.

90240 ranks 583 of 1,558 statewide on median household income and 591 of 1,558 on median home value; its income is above the $87,339 Los Angeles County median. 65% of households own their home, in line with the 64% statewide ZIP median, making this a majority-owner ZIP. 28% of adults hold a bachelor's degree or higher, below the 31% median, and the poverty rate is 9.8%, below the 10.8% statewide ZIP median. Unemployment stands at 4.7%.

With 8,675 residents per square mile across 3 square miles of land, 90240 is far denser than the statewide ZIP median of 1,120 (rank 212 of 1,558). This is a mixed urban fabric of apartments, small-lot houses and commercial corridors.