ZIP Code 90240 — Demographics & Housing Data 2023

Overview

If you’re considering a move, investment, or business opportunity in ZIP 90240, located in the heart of Downey, California, this demographic and housing snapshot offers a clear picture of the area in 2023. With a population of over 25,000 and a strong median household income, this ZIP code presents a vibrant community with significant economic potential. Whether you’re a homebuyer, real estate investor, small-business owner, or data analyst, these insights will help you make informed decisions about living, working, or investing in 90240.

Population & Households

ZIP 90240 is home to 25,326 residents, making it a moderately sized community with a tight-knit feel yet enough scale to support local businesses and amenities. The area comprises 7,675 households, reflecting a mix of family and individual living arrangements. With 8,014 total housing units, there’s a slight surplus of homes compared to occupied households, which could indicate some availability for new residents or investors looking for rental opportunities.

Income & Housing Costs

One of the standout metrics for ZIP 90240 is its median household income of $108,860, which suggests a relatively affluent community with strong purchasing power. This income level positions the area as attractive for businesses targeting middle- to upper-income consumers. On the housing front, the median home value stands at $764,200, reflecting a competitive real estate market where property values are high, likely driven by demand in the greater Los Angeles area. For renters, the median rent is $1,966 per month, indicating that leasing is also a significant expense, though more accessible than purchasing for some. These figures highlight both the opportunities and challenges of entering this market.

Race & Ethnicity

The demographic makeup of ZIP 90240 is notably diverse, offering a multicultural environment that can appeal to a wide range of residents and businesses. The population identifies as 71.5% Hispanic, making it the predominant group, followed by 13.32% White, 9.46% Asian, and 3.64% Black. This diversity can be a significant draw for those seeking a culturally rich community or for businesses aiming to cater to varied customer bases with tailored products or services.

Key Facts

• Total population: 25,326 residents in 2023, offering a sizable local market.
• Total households: 7,675, indicating a strong base of family and individual units.
• Total housing units: 8,014, with some potential vacancy for new occupants or rentals.
• Median household income: $108,860, reflecting economic stability and spending power.
• Median home value: $764,200, a high barrier to entry but strong investment potential.
• Median rent: $1,966, a notable cost but more affordable than buying in this area.
• Racial diversity: 71.5% Hispanic, 13.32% White, 9.46% Asian, 3.64% Black, showcasing a vibrant cultural mix.

What This Means for You

For homebuyers, ZIP 90240 offers a prosperous community with high home values, so be prepared for a significant investment—$764,200 is the median price point. However, the strong median income of $108,860 suggests a stable area with good long-term value. If buying isn’t feasible, renting at a median of $1,966 could be a practical entry point while you save or assess the market.

For investors and real estate agents, the slight gap between housing units (8,014) and households (7,675) hints at potential for rental properties or flips, though high home values mean you’ll need substantial capital or creative financing. The diverse population also supports varied housing needs, from family homes to smaller units for singles or retirees.

For small-business owners, the high median income and diverse demographic profile of 90240 are promising. With 25,326 residents and a majority Hispanic population, there’s room to offer culturally relevant products or services while tapping into a community with disposable income. Retail, dining, or service-based businesses could thrive here if positioned thoughtfully.

For analysts, these metrics provide a foundation for deeper studies into economic trends, housing demand, or cultural dynamics in 90240, especially when paired with historical data or neighboring ZIP code comparisons.

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