JeffCroweCRE

Housing market/California/ZIP 90405

ACS 2023 · FY2027 SAFMR

ZIP 90405 Santa Monica, California

Los Angeles-Long Beach-Glendale, CA HUD Metro FMR Area · California. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
26,809
Households
13,972
Median HH income
$114,489
Renter share
68.9%
Median gross rent
$2,311
Vacancy
11.2%
Pop. change
-4.7%
2BR SAFMR
$3,840
SAFMR / rent
1.662×
2–49 unit stock
8,839
LIHTC proj / units
8 / 294
HUD assisted MF
4 / 143

ZIP brief

Email this profile

HUD schedule, ACS stock, and the 90–110% band for ZIP 90405 · CA — sent to you.

ZIP 90405 · CA

By checking this box you agree that you may be referred to another real estate broker or related service and acknowledge that CENTURY 21 The Avenues licensees and/or affiliates may be paid a valuable consideration for facilitating such referral.

ACS rent vs 2BR SAFMR

ZIP 90405 — Santa Monica, CA HUD Section 8 Payment Standards / SAFMR →
ACS median rent$2,311
2BR SAFMR$3,840
90% floor$3,456
110% ceiling$4,224

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 90405

  • 1-unit detached4,15626.4%
  • 1-unit attached7114.5%
  • 2–4 units2,06313.1%
  • 5–49 units6,77643.1%
  • 50+ units2,02012.8%
TypeUnitsShare
1-unit detached4,15626.4%
1-unit attached7114.5%
2 units (duplex)3402.2%
3–4 units1,72311.0%
5–9 units3,05819.4%
10–19 units1,80211.5%
20–49 units1,91612.2%
50+ units2,02012.8%
Mobile00.0%

2–4 unit share 13.1% · 5–49 unit share 43.1% · combined 2–49 56.2%.

Units by bedrooms

Studio
1,204
1BR
5,800
2BR
5,033
3BR
2,600
4BR
883
5+
206

Rent burden

Rent ≥30% of income45.5%
Rent ≥50% of income23.8%
  • ACS median gross rent $2,311 (all bedrooms, occupied rentals).
  • Median contract rent $2,244.
  • Renters paying ≥30% of income 45.5%; ≥50% 23.8%.
  • FY2027 2BR SAFMR $3,840 (1.662× ACS median gross rent).

Population

26,809 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: -4.7%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 8 projects, 294 units.
  • HUD project-based assisted MF: 4 properties, 143 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 10,633 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 90405 68.9% of occupied households are renters; vacancy is 11.2%; ACS median gross rent is $2,311; population changed -4.7% between the 2018 and 2023 ACS vintages; the housing stock includes 2,063 units in 2–4-unit structures and 6,776 units in 5–49-unit structures; 8 LIHTC projects totaling 294 units; FY2027 2BR SAFMR is $3,840 versus ACS median gross rent of $2,311. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

California research

ZIP 90405 is a Census / HUD profile for Los Angeles-Long Beach-Glendale, CA. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 90405 — Santa Monica, CA HUD Section 8 Payment Standards / SAFMR·California ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
90001Los Angeles-Long Beach-Glendale, CA HUD Metro FMR Area64.4%$1,471$2,33090002Los Angeles-Long Beach-Glendale, CA HUD Metro FMR Area59.3%$1,509$2,33090003Los Angeles-Long Beach-Glendale, CA HUD Metro FMR Area73.4%$1,515$2,24090004Los Angeles-Long Beach-Glendale, CA HUD Metro FMR Area83.1%$1,752$3,19090005Los Angeles-Long Beach-Glendale, CA HUD Metro FMR Area91.0%$1,648$3,23090006Los Angeles-Long Beach-Glendale, CA HUD Metro FMR Area89.9%$1,396$2,56090007Los Angeles-Long Beach-Glendale, CA HUD Metro FMR Area89.6%$1,480$2,38090008Los Angeles-Long Beach-Glendale, CA HUD Metro FMR Area69.6%$1,589$2,64090009Los Angeles-Long Beach-Glendale, CA HUD Metro FMR Area——$2,96090010Los Angeles-Long Beach-Glendale, CA HUD Metro FMR Area82.2%$2,621$3,89090011Los Angeles-Long Beach-Glendale, CA HUD Metro FMR Area73.7%$1,497$2,32090012Los Angeles-Long Beach-Glendale, CA HUD Metro FMR Area91.8%$2,116$3,150

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is California research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 90405?

ZIP 90405 (Los Angeles-Long Beach-Glendale, CA HUD Metro FMR Area) has 26,809 residents, 13,972 households, a renter share of 68.9%, median household income of $114,489, and ACS 2023 median gross rent of $2,311. Vacancy is 11.2%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 90405?

ACS counts 340 units in 2-unit buildings, 1,723 in 3–4 unit buildings, 3,058 in 5–9, 1,802 in 10–19, and 1,916 in 20–49. Combined 2–49 unit stock is 8,839 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 90405?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $3,840. See the full schedule and 90–110% payment-standard band on the ZIP 90405 — Santa Monica, CA HUD Section 8 Payment Standards / SAFMR.

Does this California ZIP profile include Georgia listings?

No. ZIP 90405 is Census / HUD research for Los Angeles-Long Beach-Glendale, CA HUD Metro FMR Area. Jeff Crowe CRE does not list California property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.