For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Stevenson Ranch, CA is $4,150 a month. That is up 3.0% from $4,030 in FY 2026. Stevenson Ranch 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 Stevenson Ranch is 141% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Stevenson Ranch, CA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$2,890
$3,010
+4.2%
$2,709–$3,311
1BR
$3,230
$3,360
+4.0%
$3,024–$3,696
2BR
$4,030
$4,150
+3.0%
$3,735–$4,565
3BR
$5,110
$5,270
+3.1%
$4,743–$5,797
4BR
$5,690
$5,890
+3.5%
$5,301–$6,479
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Stevenson Ranch, CA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$3,010
$3,360
$4,150
$5,270
$5,890
FY 2026
$2,890
$3,230
$4,030
$5,110
$5,690
FY 2025
$2,540
$2,850
$3,590
$4,560
$5,060
FY 2024
$2,450
$2,770
$3,510
$4,500
$4,970
FY 2023
$2,090
$2,380
$3,030
$3,940
$4,320
Questions about Stevenson Ranch, CA rents
How much will Section 8 pay for a two-bedroom in Stevenson Ranch, CA?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $4,150, that basic range is $3,735 to $4,565 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 Stevenson Ranch, CA in?
Stevenson Ranch, 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 Stevenson Ranch, CA for FY 2027?
The two-bedroom FMR rose 3.0%, from $4,030 in FY 2026 to $4,150 in FY 2027. Since FY 2023 it has risen 37.0%.
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