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Rental Insights for ZIP Code 90402 (Santa Monica, CA)

Housing Rentals in ZIP Code 90402 (Santa Monica, CA)

90402 ZIP Code in California

An In-depth Dive Into Housing Rentals in ZIP Code 90402

The 90402 ZIP Code is primarily located in Santa Monica, CA in Los Angeles County. The median housing rent in this California region is estimated at $1,817 per month. About 31.5% of housing units in the region are renter-occupied, and this Los Angeles County ZIP Code has an approximate rental vacancy rate of 11.0%.

The median rent in ZIP Code 90402 of $1,817 per month is 21% higher than the aggregate California median monthly rent of $1,503, and is 71% higher than the $1,062 the median monthly rent in the U.S. overall. Approximately 28.3% of residents in ZIP Code 90402 pay between $1,000 and $1,499 per month for rent. That is 1% lower than in California overall, in which 28.6% of total state residents pay between $1,000 and $1,499 per month for housing.

ZIP Code 90402 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 90402

See the chart below for a comparison of monthly rental costs in ZIP Code 90402, California, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 90402 along with those in the state of California and the U.S. overall. For example, what percentage of renters pay between $1,000 and $1,499 monthly.

Rental Cost in ZIP Code 90402

See the table below for the regional comparison of monthly rental costs.

Cost ZIP 90402 California U.S.
Less than $500 4.5% 4.9% 9.4%
$500 to $999 8.2% 16.5% 36.2%
$1,000 to $1,499 28.3% 28.6% 30.0%
$1,500 to $1,999 14.0% 23.2% 14.0%
$2,000 to $2,499 17.8% 13.4% 5.6%
$2,500 to $2,999 8.8% 6.9% 2.4%
$3,000 or more 18.3% 6.7% 2.4%

Rent Cost vs. Income in ZIP Code 90402

Renters in ZIP Code 90402 use an estimated 26.06% of their income to cover their monthly rent payments. That is about 17% lower than in California overall. The estimate for California overall is 31.23% of income used for housing rent payments. In comparison to the U.S. as a whole, ZIP Code 90402 renters use about 13% less of their income to cover rent expense. Household income figures for ZIP Code 90402 come in higher than in California as a whole. The median annual household income in ZIP Code 90402 of $154,583 sits approximately 105% higher than the overall California median income of $75,235 and approximately 146% higher than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 90402

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 90402, California, and also in the U.S. as a whole.

This chart visualizes monthly rent cost as a percentage of household income in ZIP Code 90402 along with the same calculations in the state of California and the U.S. overall. For example, what percentage of renters pay 15.0 to 19.9 percent of the monthly household income toward rent.

Rent as a Percentage of Income in ZIP Code 90402

See the table below for the regional comparison of monthly rent as a percentage of household income.

Rent Cost as % of Income ZIP 90402 California U.S.
Less than 15.0 percent 26.8% 10.3% 13.1%
15.0 to 19.9 percent 10.8% 11.2% 12.9%
20.0 to 24.9 percent 19.0% 12.2% 12.9%
25.0 to 29.9 percent 4.5% 11.5% 11.6%
30.0 to 34.9 percent 5.1% 9.6% 9.1%
35.0 percent or more 33.7% 45.2% 40.5%

Household Income in ZIP Code 90402

See the table below for the regional comparison of annual household income in ZIP Code 90402.

Income ZIP 90402 California U.S.
Less than $10,000 6.3% 4.8% 6.0%
$10,000 to $14,999 3.0% 4.1% 4.3%
$15,000 to $24,999 4.3% 7.5% 8.9%
$25,000 to $34,999 2.8% 7.5% 8.9%
$35,000 to $49,999 5.7% 10.5% 12.3%
$50,000 to $74,999 7.4% 15.5% 17.2%
$75,000 to $99,999 6.5% 12.4% 12.7%
$100,000 to $149,999 12.9% 16.6% 15.1%
$150,000 to $199,999 8.7% 8.9% 6.8%
$200,000 or more 42.4% 12.2% 7.7%

Household Income in ZIP Code 90402

See the chart below for a comparison of annual household income figures in ZIP Code 90402, California, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 90402 alongside the same figures for the state of California and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 90402

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 90402.

ZIP 90402 California U.S.
Median Housing Rent $1,817 $1,503 $1,062
Renter-Occupied Housing Units 31.5% 45.2% 36.0%
Rental Vacancy Rate 11.0% 3.6% 6.0%
Average Size of Renter-Occupied Unit 2.08 2.88 2.49
Average # of Bedrooms Per Unit 3.03 2.63 2.75
Percent of Income Spent on Rent 26.06% 31.23% 29.83%
Per Capita Income $133,118 $36,955 $34,103
Median Household Income $315,026 $106,916 $88,607
Living Below the Poverty Line 2.8% 9.6% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 90402

In ZIP Code 90402 (Santa Monica, CA), and estimated 31.5% of housing units are occupied by renters. This region has an approximate rental vacany rate of 11.0%.

The per capita income in 90402 is estimated at $133,118, which goes along with an estimated median household income of $315,026. About 2.8% of residents in this Los Angeles County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.08 occupants, while the units have an aggregate average size of 3.03 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 26.06% of their income on housing rental costs.

Rental FAQs for ZIP Code 90402

1

What is the median monthly rent in ZIP Code 90402?

Median rent for housing in ZIP Code 90402 in Los Angeles County in California is approximately $1,817 per month.
2

Is it expensive to rent in ZIP Code 90402?

Rent in ZIP Code 90402 is higher than average in the state of California overall. The median monthly rent of $1,817 in ZIP Code 90402 is approximately 21% higher than the California median of $1,503. Additionally, median rent in this Santa Monica, CA region ($1,817) is about 71% higher than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 90402?

High-priced rentals are more common in ZIP Code 90402 than in California overall. The percentage of rentals in ZIP Code 90402 that cost $3,000 or more per month (18.3%) is about 173% higher than the California rate of 6.7% that cost that much. Additionally, the overall U.S. rate of 2.4% paying $3,000 or more per month is about 663% lower than the aforementioned 90402 rate of 18.3%.
4

Are affordable rentals common in ZIP Code 90402?

Affordable rentals are less common in ZIP Code 90402 than in California overall. The percentage of housing rentals in ZIP Code 90402 costing $999 or less per month (12.7%) is approximately 41% lower than the California rate of 21.4% that fall in that range. In addition, the aggregate U.S. rate of 45.6% paying $999 or less per month is about 72% higher than the previously mentioned 90402 rate of 12.7%.
5

What is the most common cost range that rentals fall into in ZIP Code 90402?

The most common range for rental cost in ZIP Code 90402 is between $1,000 and $1,499 per month. About 28.3% of renters in 90402 pay in this range for monthly rent. In comparison, approximately 28.6% of renters in the state of California fall in the between $1,000 and $1,499 range, and 30.0% of overall U.S. renters fall in this range.
6

Does ZIP Code 90402 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 90402 is higher than the rental vacancy rate in the state of California overall. Rental vacancy of 11.0% in ZIP Code 90402 is about 206% higher than the California rate of 3.6%. Looking more broadly, rental vacancy in this Santa Monica, CA region (11.0%) is an estimated 83% higher than the estimated rental vacancy rate of 6.0% in the U.S. overall.
7

What is the average household income in ZIP Code 90402? How does it compare to other California regions?

Median household income in ZIP Code 90402 is higher than in the state of California overall. Annual household income of $154,583 in ZIP Code 90402 is about 105% higher than the California median of $75,235. Additionally, median household income in this Santa Monica, CA region ($154,583) is approximately 146% higher than median household income of $62,843 in the U.S. as a whole.
8

How much of their income do renters in ZIP Code 90402 spend on housing costs?

Renters in ZIP Code 90402 spend a lower amount of their income on rent costs than do renters in California overall. Renters in ZIP Code 90402 spend an estimated 26.06% of their income on rent payments, which is about 17% lower than the overall California estimated rate of 31.23%. In addition, the aggregate U.S. estimated rate of 29.83% of income spent on housing rental costs is about 13% higher than the ZIP Code 90402 estimated rate of 26.06%.
9

Do renters in ZIP Code 90402 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 90402 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 90402 spending 30 percent or more of their income on rent costs (38.8%) is approximately 29% lower than the California rate of 54.8% that spend that much. In addition, the overall U.S. rate of 49.6% paying 30 percent or more of their income on rent costs is about 22% higher than the aforementioned 90402 rate of 38.8%.
10

What is the average household size of renter-occupied units in ZIP Code 90402?

The average household size of renter-occupied units in ZIP Code 90402 is lower than in the state of California overall. Annual household size of 2.08 in ZIP Code 90402 is about 28% lower than the California median of 2.88. Additionally, median household size in this Santa Monica, CA region (2.08) is approximately 16% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other California ZIP Codes