Zip 90242 (Downey, CA) Housing

The housing market in Downey, CA (90242) is a great place for potential homeowners. The median value for homes in the area is $734,800, which is significantly higher than the US house median value of $338,100. Additionally, the one-year house appreciation in Downey was 12.08%, which is much higher than the national average of 8.27%. The high median value and house appreciation rate makes Downey an attractive location for prospective buyers looking to invest in real estate.

The median home cost in Downey (zip 90242) is $734,800. Home appreciation the last 10 years has been 119.9%. Home Appreciation in Downey (zip 90242) is up 16.0%.

Average Age of Homes

- The median age of Downey (zip 90242) real estate is 58 years old

The Rental Market in Downey (zip 90242)

- Renters make up 50.4% of the Downey (zip 90242) population
- 0.8% of houses and apartments in Downey (zip 90242), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Downey, California	United States
	12,923.0	139,647,020.0
	62	42
	$734,800	$338,100
	16.0%	16.6%
	47.9%	57.0%
	119.9%	101.1%
	$7.08	$10.98
	$3,951	$2,690
	48.1%	57.4%
	1.5%	11.2%
	50.4%	31.4%
Vacant Housing
	0.8%	1.9%
	0.0%	0.4%
	0.3%	0.7%
	0.3%	0.4%
	0.0%	3.6%
	0.2%	4.1%
Value of Owner-Occupied Housing
	0.9%	2.6%
	0.0%	2.4%
	0.2%	2.8%
	0.0%	3.9%
	0.0%	4.5%
	0.4%	11.3%
	0.1%	13.0%
	1.3%	20.1%
	10.2%	13.6%
	24.6%	8.3%
	53.3%	9.7%
	7.3%	3.9%
	1.6%	2.2%
	0.1%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	3.0%	13.6%
	3.0%	13.6%
	4.3%	13.6%
	10.7%	13.2%
	9.5%	14.8%
	4.3%	13.6%
	35.7%	10.0%
	13.1%	4.7%
	3.1%	12.2%

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