FMR is near market; voucher and private rents are aligned.
1.03
1 BR
1 BR
1.07ratio
FMR$2,040
Market$1,910
vs market+$130
FMR is near market; voucher and private rents are aligned.
1.07
2 BR
2 BR
0.89ratio
FMR$2,430
Market$2,720
vs market-$290
FMR is below market; voucher rent may lag private rents.
0.89
3 BR
3 BR
0.94ratio
FMR$3,290
Market$3,500
vs market-$210
FMR is near market; voucher and private rents are aligned.
0.94
4 BR
4 BR
0.90ratio
FMR$3,820
Market$4,260
vs market-$440
FMR is below market; voucher rent may lag private rents.
0.90
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--
ZIP 93032 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 93032 (Oxnard, CA) is $2,430 a month. That is down 9.7% from $2,690 in FY 2026. Oxnard 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, 93032 is tied for the 20th-highest two-bedroom rent (county range $1,980–$4,440). The median county two-bedroom FMR in California is $1,725, so ZIP 93032 is 41% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 93032
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$2,000
$1,830
−8.5%
$1,647–$2,013
1BR
$2,250
$2,040
−9.3%
$1,836–$2,244
2BR
$2,690
$2,430
−9.7%
$2,187–$2,673
3BR
$3,650
$3,290
−9.9%
$2,961–$3,619
4BR
$4,240
$3,820
−9.9%
$3,438–$4,202
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 93032
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,830
$2,040
$2,430
$3,290
$3,820
FY 2026
$2,000
$2,250
$2,690
$3,650
$4,240
FY 2025
$1,870
$2,150
$2,570
$3,510
$4,080
FY 2024
$1,720
$2,010
$2,410
$3,300
$3,860
FY 2023
$1,710
$2,010
$2,430
$3,380
$3,970
Two-bedroom rent in nearby Ventura County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 93032?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,430, that basic range is $2,187 to $2,673 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 93032 in?
ZIP 93032 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 93032 for FY 2027?
The two-bedroom FMR fell 9.7%, from $2,690 in FY 2026 to $2,430 in FY 2027. Since FY 2023 it has risen 0.0%.
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