How much is a home worth in ZIP code 90240?

The typical home in 90240 is worth $946,322, based on the Zillow Home Value Index.

Are home values rising in 90240?

Home values in 90240 are up 1.7% over the past year, and up 4.5% a year over five years.

What is the typical rent in 90240?

A typical home in 90240 rents for about $2,897 a month, a gross rental yield of 3.7%.

What is the property tax rate in 90240?

The effective property tax rate in 90240 is 0.7% — roughly $6,425 a year on a typical home.

ZIP code 90240 has a population of 24,853 and a median household income of $101,904.

HousingHandbookReference data

…

U.S. ZIP Code · CA90240

Los Angeles County · Los Angeles-Long Beach-Anaheim, CA

Typical home value

$946,322^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +1.7%
5-year / yr: +4.5%
10-year / yr: +5.9%

Relative price

vs U.S.: +233.1%
vs metro: -2.0%
vs state: +35.1%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 90240 is worth $946,322 — 2.0% below the Los Angeles-Long Beach-Anaheim, CA median. Over the past year, values have risen 1.7%. Homes here rent for a typical $2,897 a month — a 3.7% gross rental yield. The effective property tax rate is 0.7%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $2,897^[2]
Gross yield: 3.7%^[2]
Cap rate: 2.2%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 0.7%^[3]
Typical annual tax: $6,425^[3]

#Climate risk

FEMA National Risk Index ratings for Los Angeles County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Very High^[4]
Riverine flood: Very High
Coastal flood: Relatively High
Wildfire: Very High
Drought: Relatively Low
Heat wave: Relatively High
Hurricane: No Rating
Tornado: Relatively High
Earthquake: Very High
Winter weather: Relatively Moderate

#Who lives here

Population: 24,853^[3]
Median household income: $101,904^[3]

#Migration

Household moves in and out of Los Angeles County over a year, from IRS tax-return data.

Net migration: -40,453^[5]
Moved in: 122,437
Moved out: 162,890

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 4
Elementary: 3
Middle: 1
High: 0

Griffiths (Gordon) Middle
Middle · Grades 6–8 · Downey Unified
1,291 students
Price (Maude) Elementary
Elementary · Grades K–5 · Downey Unified
787 students
Gallatin Elementary
Elementary · Grades K–5 · Downey Unified
781 students
Unsworth (Edith) Elementary
Elementary · Grades K–5 · Downey Unified
673 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield3.7%

Net yield (after ~40% expenses)2.2%

Annual rent$34,767

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$4,785

Loan principal$757,057

Down payment$189,264

Total interest paid$965,585

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio2.11

Monthly cost to own$6,110

Monthly rent$2,897

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 48th percentile^[1]
Rental yield: 61st percentile^[2]
Property tax: 57th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 90240?: The typical home in 90240 is worth $946,322, based on the Zillow Home Value Index.
Are home values rising in 90240?: Home values in 90240 are up 1.7% over the past year, and up 4.5% a year over five years.
What is the typical rent in 90240?: A typical home in 90240 rents for about $2,897 a month, a gross rental yield of 3.7%.
What is the property tax rate in 90240?: The effective property tax rate in 90240 is 0.7% — roughly $6,425 a year on a typical home.
Who lives in 90240?: ZIP code 90240 has a population of 24,853 and a median household income of $101,904.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

91311 vs 90240 →
Los Angeles, CA
Typical home
$946,140
Gross yield
3.5%
90293 vs 90240 →
Los Angeles, CA
Typical home
$945,182
Gross yield
4.3%
92844
Garden Grove, CA
Typical home
$944,701
Gross yield
3.8%
90016
Los Angeles, CA
Typical home
$944,420
Gross yield
4.1%
91324
Los Angeles, CA
Typical home
$943,306
Gross yield
3.5%
90620
Buena Park, CA
Typical home
$950,262
Gross yield
4.2%

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Compare ZIPs

Pit ZIP 90240 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · CA90240

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