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Ventura County/Point Mugu Nawc/93042

93042

ZIPSAFMR
Ventura County, CA
Zillow
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ZIP Investment Score

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095130300
BRFMR
Eff. Rent
0 BR$1,660$1,660
1 BR$1,870$1,870
2 BR$2,250$2,250
3 BR$3,030$3,030
4 BR$3,500$3,500
5 BR$4,025Not available
6 BR$4,629Not available
7 BR$5,323Not available
8 BR$6,122Not available

Purchase Price Calculator

Maximum purchase price
$272,433

Cost breakdown

+Likely effective rent$2,250
HUD FMRUsed$2,250
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,378
Loan amount$217,946
Down payment$54,487
Rate6.50%
Term30 years
-Operating costs-$672
Property taxes-$272
Insurance-$175
Utilities$0
HOA$0
Management-$225
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$35,956(66.0% ROI)
Projected value
$293,380
Return breakdown
Property appreciation+$20,948
Loan principal paid down+$7,808
Rental cash flow+$7,200
5-year hold
+$61,725(113.3% ROI)
Projected value
$308,232
Return breakdown
Property appreciation+$35,800
Loan principal paid down+$13,925
Rental cash flow+$12,000
10-year hold
+$133,484(245.0% ROI)
Projected value
$348,737
Return breakdown
Property appreciation+$76,304
Loan principal paid down+$33,180
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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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
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Tax rate
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Mortgage rate
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ZIP 93042 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 93042 (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. Among 50 ZIP codes in Ventura County, 93042 has the 44th-highest two-bedroom rent (county range $1,980–$4,440). The median county two-bedroom FMR in California is $1,725, so ZIP 93042 is 30% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 93042
BedroomsFY 2027Change90–110% range
Studio$1,660−9.8%$1,494–$1,826
1BR$1,870−9.7%$1,683–$2,057
2BR$2,250−10.0%$2,025–$2,475
3BR$3,030−9.8%$2,727–$3,333
4BR$3,500−9.8%$3,150–$3,850

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 93042
Fiscal yearStudio1BR2BR3BR4BR
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

Two-bedroom rent in nearby Ventura County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 93042
93030$2,120−5.8%
93031$2,430+8.0%
93032$2,430+8.0%
93033$2,010−10.7%
93034$2,430+8.0%
93035$2,590+15.1%
93036$2,370+5.3%
93040$2,030−9.8%
93041$2,330+3.6%
93042Current$2,250—
93043$2,330+3.6%
93044$2,430+8.0%

Questions about ZIP 93042 rents

How much will Section 8 pay for a two-bedroom in ZIP 93042?

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 ZIP 93042 in?

ZIP 93042 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 93042 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

County fair market rentPoint Mugu Nawc, CA fair market rentCA statewide rentsWhat is SAFMR?Data sources