Not enough rental comps in this area to determine how FMR aligns with current market rates.
Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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Point Mugu Nawc, CA fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Point Mugu Nawc, CA is $2,250 a month. That is down 10.0% from $2,500 in FY 2026. Point Mugu Nawc is in the Oxnard-Thousand Oaks-Ventura, CA MSA, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in California is $1,725, so Point Mugu Nawc is 30% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Point Mugu Nawc, CA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,840
$1,660
−9.8%
$1,494–$1,826
1BR
$2,070
$1,870
−9.7%
$1,683–$2,057
2BR
$2,500
$2,250
−10.0%
$2,025–$2,475
3BR
$3,360
$3,030
−9.8%
$2,727–$3,333
4BR
$3,880
$3,500
−9.8%
$3,150–$3,850
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Point Mugu Nawc, CA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,660
$1,870
$2,250
$3,030
$3,500
FY 2026
$1,840
$2,070
$2,500
$3,360
$3,880
FY 2025
$1,700
$1,940
$2,340
$3,160
$3,660
FY 2024
$1,720
$2,010
$2,410
$3,300
$3,860
FY 2023
$1,710
$2,010
$2,430
$3,380
$3,970
Questions about Point Mugu Nawc, CA rents
How much will Section 8 pay for a two-bedroom in Point Mugu Nawc, CA?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,250, that basic range is $2,025 to $2,475 a month. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.
Which HUD fair market rent area is Point Mugu Nawc, CA in?
Point Mugu Nawc, CA is in the Oxnard-Thousand Oaks-Ventura, CA MSA. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in Point Mugu Nawc, CA for FY 2027?
The two-bedroom FMR fell 10.0%, from $2,500 in FY 2026 to $2,250 in FY 2027. Since FY 2023 it has fallen 7.4%.
When do FY 2027 fair market rents take effect?
HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.
Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set