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Rental Insights for ZIP Code 90640 (Montebello, CA)

Housing Rentals in ZIP Code 90640 (Montebello, CA)

90640 ZIP Code in California

An In-depth Dive Into Housing Rentals in ZIP Code 90640

The 90640 ZIP Code is primarily located in Montebello, CA in Los Angeles County. The median housing rent in this California region is estimated at $1,334 per month. Approximately 56.8% of housing units in this Los Angeles County ZIP Code are renter-occupied, and the region has an estimated vacancy rate of 3.6%.

The median rent in ZIP Code 90640 of $1,334 per month is 11% lower than the aggregate California median monthly rent of $1,503, and is 26% higher than the $1,062 the median monthly rent in the U.S. overall. About 46.5% of residents in ZIP Code 90640 pay between $1,000 and $1,499 per month for rent. That is 63% higher than in California overall, in which 28.6% of total state residents pay between $1,000 and $1,499 per month for housing. Just 0.7% of renters in this Montebello, CA region pay $3,000 or more for monthly rent.

ZIP Code 90640 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 90640

See the chart below for a comparison of monthly rental costs in ZIP Code 90640, California, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 90640 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 90640

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

Cost ZIP 90640 California U.S.
Less than $500 6.3% 4.9% 9.4%
$500 to $999 14.5% 16.5% 36.2%
$1,000 to $1,499 46.5% 28.6% 30.0%
$1,500 to $1,999 25.5% 23.2% 14.0%
$2,000 to $2,499 5.6% 13.4% 5.6%
$2,500 to $2,999 0.9% 6.9% 2.4%
$3,000 or more 0.7% 6.7% 2.4%

Rent Cost vs. Income in ZIP Code 90640

Renters in ZIP Code 90640 use an estimated 32.1% of their income to cover their monthly rent payments. That is about 3% higher 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 90640 renters use about 8% more of their income to cover rent expense. Household income figures for ZIP Code 90640 come in lower than in California as a whole. The median annual household income in ZIP Code 90640 of $56,009 sits approximately 26% lower than the overall California median income of $75,235 and approximately 11% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 90640

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 90640, 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 90640 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 90640

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

Rent Cost as % of Income ZIP 90640 California U.S.
Less than 15.0 percent 7.2% 10.3% 13.1%
15.0 to 19.9 percent 11.6% 11.2% 12.9%
20.0 to 24.9 percent 11.5% 12.2% 12.9%
25.0 to 29.9 percent 11.4% 11.5% 11.6%
30.0 to 34.9 percent 11.5% 9.6% 9.1%
35.0 percent or more 46.8% 45.2% 40.5%

Household Income in ZIP Code 90640

See the table below for the regional comparison of annual household income in ZIP Code 90640.

Income ZIP 90640 California U.S.
Less than $10,000 4.7% 4.8% 6.0%
$10,000 to $14,999 4.9% 4.1% 4.3%
$15,000 to $24,999 11.5% 7.5% 8.9%
$25,000 to $34,999 10.0% 7.5% 8.9%
$35,000 to $49,999 13.8% 10.5% 12.3%
$50,000 to $74,999 17.8% 15.5% 17.2%
$75,000 to $99,999 12.1% 12.4% 12.7%
$100,000 to $149,999 15.0% 16.6% 15.1%
$150,000 to $199,999 6.1% 8.9% 6.8%
$200,000 or more 4.1% 12.2% 7.7%

Household Income in ZIP Code 90640

See the chart below for a comparison of annual household income figures in ZIP Code 90640, California, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 90640 alongside the same figures for the state of California and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 90640

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 90640.

ZIP 90640 California U.S.
Median Housing Rent $1,334 $1,503 $1,062
Renter-Occupied Housing Units 56.8% 45.2% 36.0%
Rental Vacancy Rate 3.6% 3.6% 6.0%
Average Size of Renter-Occupied Unit 3.33 2.88 2.49
Average # of Bedrooms Per Unit 2.36 2.63 2.75
Percent of Income Spent on Rent 32.1% 31.23% 29.83%
Per Capita Income $24,031 $36,955 $34,103
Median Household Income $73,941 $106,916 $88,607
Living Below the Poverty Line 11.4% 9.6% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 90640

In ZIP Code 90640 (Montebello, CA), and estimated 56.8% of housing units are occupied by renters. This region has an approximate rental vacany rate of 3.6%.

The per capita income in 90640 is estimated at $24,031, which goes along with an estimated median household income of $73,941. About 11.4% of residents in this Los Angeles County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 3.33 occupants, while the units have an aggregate average size of 2.36 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 32.1% of their income on housing rental costs.

Rental FAQs for ZIP Code 90640

1

What is the median monthly rent in ZIP Code 90640?

Median rent for housing in ZIP Code 90640 in Los Angeles County in California is approximately $1,334 per month.
2

Is it expensive to rent in ZIP Code 90640?

Rent in ZIP Code 90640 is lower than average in the state of California overall. The median monthly rent of $1,334 in ZIP Code 90640 is approximately 11% lower than the California median of $1,503. Additionally, median rent in this Montebello, CA region ($1,334) is about 26% higher than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 90640?

High-priced rentals are less common in ZIP Code 90640 than in California overall. The percentage of rentals in ZIP Code 90640 that cost $3,000 or more per month (0.7%) is about 90% lower 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 71% higher than the aforementioned 90640 rate of 0.7%.
4

Are affordable rentals common in ZIP Code 90640?

Affordable rentals are less common in ZIP Code 90640 than in California overall. The percentage of housing rentals in ZIP Code 90640 costing $999 or less per month (20.8%) is approximately 3% 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 54% higher than the previously mentioned 90640 rate of 20.8%.
5

What is the most common cost range that rentals fall into in ZIP Code 90640?

The most common range for rental cost in ZIP Code 90640 is between $1,000 and $1,499 per month. About 46.5% of renters in 90640 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 90640 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 90640 is lower than the rental vacancy rate in the state of California overall. Rental vacancy of 3.6% in ZIP Code 90640 is about 0% lower than the California rate of 3.6%. Looking more broadly, rental vacancy in this Montebello, CA region (3.6%) is an estimated 40% lower than the estimated rental vacancy rate of 6.0% in the U.S. overall.
7

What is the average household income in ZIP Code 90640? How does it compare to other California regions?

Median household income in ZIP Code 90640 is lower than in the state of California overall. Annual household income of $56,009 in ZIP Code 90640 is about 26% lower than the California median of $75,235. Additionally, median household income in this Montebello, CA region ($56,009) is approximately 11% lower 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 90640 spend on housing costs?

Renters in ZIP Code 90640 spend a higher amount of their income on rent costs than do renters in California overall. Renters in ZIP Code 90640 spend an estimated 32.1% of their income on rent payments, which is about 3% higher 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 8% lower than the ZIP Code 90640 estimated rate of 32.1%.
9

Do renters in ZIP Code 90640 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 90640 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 90640 spending 30 percent or more of their income on rent costs (58.3%) is approximately 6% higher 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 18% lower than the aforementioned 90640 rate of 58.3%.
10

What is the average household size of renter-occupied units in ZIP Code 90640?

The average household size of renter-occupied units in ZIP Code 90640 is higher than in the state of California overall. Annual household size of 3.33 in ZIP Code 90640 is about 16% higher than the California median of 2.88. Additionally, median household size in this Montebello, CA region (3.33) is approximately 34% higher than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other California ZIP Codes