Skip to main content
Loading page
Ventura County/Ojai/93023

93023

ZIPSAFMR
Ventura County, CA
Zillow

ZIP Investment Score

38Below average

095130300
BRFMR
Eff. Rent
0 BR$1,570$1,570
1 BR$1,750$1,750
2 BR$2,070$2,070
3 BR$2,810$2,810
4 BR$3,260$3,260
5 BR$3,749Not available
6 BR$4,311Not available
7 BR$4,958Not available
8 BR$5,702Not available

Purchase Price Calculator

Maximum purchase price
$245,685

Cost breakdown

+Likely effective rent$2,070
HUD FMRUsed$2,070
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,242
Loan amount$196,548
Down payment$49,137
Rate6.50%
Term30 years
-Operating costs-$628
Property taxes-$246
Insurance-$175
Utilities$0
HOA$0
Management-$207
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$33,133(67.4% ROI)
Projected value
$264,576
Return breakdown
Property appreciation+$18,891
Loan principal paid down+$7,042
Rental cash flow+$7,200
5-year hold
+$56,842(115.7% ROI)
Projected value
$277,970
Return breakdown
Property appreciation+$32,285
Loan principal paid down+$12,557
Rental cash flow+$12,000
10-year hold
+$122,735(249.8% ROI)
Projected value
$314,497
Return breakdown
Property appreciation+$68,812
Loan principal paid down+$29,922
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 93023 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 93023 (Ojai, CA) is $2,070 a month. That is down 10.0% from $2,300 in FY 2026. Ojai 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. Among 50 ZIP codes in Ventura County, 93023 has the 46th-highest two-bedroom rent (county range $1,980–$4,440). The median county two-bedroom FMR in California is $1,725, so ZIP 93023 is 20% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 93023
BedroomsFY 2027Change90–110% range
Studio$1,570−8.2%$1,413–$1,727
1BR$1,750−8.9%$1,575–$1,925
2BR$2,070−10.0%$1,863–$2,277
3BR$2,810−9.9%$2,529–$3,091
4BR$3,260−9.9%$2,934–$3,586

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 93023
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,570$1,750$2,070$2,810$3,260
FY 2026$1,710$1,920$2,300$3,120$3,620
FY 2025$1,650$1,890$2,260$3,080$3,590
FY 2024$1,540$1,810$2,190$3,040$3,570
FY 2023$1,510$1,770$2,150$2,990$3,510

Two-bedroom rent in nearby Ventura County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 93023
93012$3,120+50.7%
93015$1,990−3.9%
93016$2,430+17.4%
93020$2,430+17.4%
93021$2,790+34.8%
93022$2,650+28.0%
93023Current$2,070—
93024$2,430+17.4%
93030$2,120+2.4%
93031$2,430+17.4%
93032$2,430+17.4%
93033$2,010−2.9%

Questions about ZIP 93023 rents

How much will Section 8 pay for a two-bedroom in ZIP 93023?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,070, that basic range is $1,863 to $2,277 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 ZIP 93023 in?

ZIP 93023 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 ZIP 93023 for FY 2027?

The two-bedroom FMR fell 10.0%, from $2,300 in FY 2026 to $2,070 in FY 2027. Since FY 2023 it has fallen 3.7%.

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

County fair market rentOjai, CA fair market rentCA statewide rentsWhat is SAFMR?Data sources