Downey, CA—90240
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Downey, CA
As of Oct '25, the median home price in Downey, CA is $914,000, with a year-over-year change of -1.0%. This indicates that home prices in Downey, CA are flat. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $914,000 | -1.0% |
| Single Family | $923,000 | -1.1% |
| Condos | $626,000 | -2.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $745,000 | -0.9% |
3 Bed | $880,000 | -1.6% |
4 Bed | $1,068,000 | 0.0% |
| 5 Bed | $1,458,000 | 1.2% |
% of Housing Stock
Rental Trends — Downey, CA
As of July '25, Rentcast reports the average rent in Downey, CA is $2,650, with a year-over-year rent change of -28.4%. Per bedroom, the median rent as of July '25 in Downey, CA is studios: $1,850, 1-bedrooms: $1,940, 2-bedrooms: $2,720, 3-bedrooms: $5,750, 4-bedrooms: $5,050. The most common rental property sizes in Downey, CA are 2-bedroom and 1-bedroom, accounting for 40.0% and 26.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,050 | $2,650 |
| Studio Rent | $1,850 | $1,850 |
| 1 Bed Rent | $1,850 | $1,940 |
| 2 Bed Rent | $2,700 | $2,720 |
| 3 Bed Rent | $4,000 | $5,750 |
| 4 Bed Rent | $4,200 | $5,050 |
% of Rental Stock
Property Listings — Downey, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Downey, CA is 63. This is a increase of 8.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,140,000 | -6.0% |
Listing Count | 36 | 28.0% |
| Listings as % of Homes | 0.3% | 28.0% |
Days on Market | 63 | 8.0% |
Demographics — Downey, CA
As of the latest ACS Survey released in 2023, Downey, CA has a population of 25,300, which has decreased by -3.4% over the past 5 years. Downey, CA is a moderately popular place for families, as children make up 22.1% of the population. The area has a moderately educated workforce, with 29.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,300 | -3.4% |
% Under 18 | 22.1% | -15.0% |
% Seniors | 13.8% | 12.2% |
% WFH | 8.9% | 169.7% |
% w/ College Degree | 29.5% | 13.9% |
As of the latest ACS Survey released in 2023, Downey, CA is a predominantly hispanic area, with 71.5% of the population identifying as hispanic. The hispanic population has grown by 0.1% in the last 5 years. The second most common race or ethnicity in Downey, CA is white, making up 13.3% of the population. Foreign-born residents account for 30.8% of the population in Downey, CA, and this percentage has decreased by 4.6% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 13.3% | -27.7% |
% Black | 4.3% | 258.3% |
% Hispanic | 71.5% | 0.1% |
% Asian | 9.7% | 18.3% |
% Foreign Born | 30.8% | -4.6% |
Mortgage and Risk — Downey, CA
According to HUD data as of 2023, there were 261 mortgage originations in Downey, CA, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 44.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Downey, CA. Investor activity is low, as 3.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 261 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Downey, CA
As of 2024, the percent of homes in Downey, CA under the Section 8 program is 3.5%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Downey, CA, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 92 |
Total Units Section 8 | 92 |
% Rentals under Section 8 | 3.5% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $330 | $1,850 | $2,180 |
| 2 Bedroom | $50 | $2,700 | $2,750 |
| 3 Bedroom | -$510 | $4,000 | $3,490 |
| 4 Bedroom | -$330 | $4,200 | $3,870 |
Affordability — Downey, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.7 |
| Median Home Price | $914,000 |
| Median Household Income | $109,000 |