Location: Oxnard-Thousand Oaks-Ventura, CA | Metro: Los Angeles-Long Beach-Glendale, CA HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,810 |
| 1 Bedroom | $3,140 |
| 2 Bedrooms | $3,910 |
| 3 Bedrooms | $4,960 |
| 4 Bedrooms | $5,570 |
| 5 Bedrooms | $6,461 |
| 6 Bedrooms | $7,236 |
| 7 Bedrooms | $7,815 |
| 8 Bedrooms | $8,206 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $3,140 | $1,233,086 | 0.25% | F |
| 2BR | $3,910 | $1,594,914 | 0.25% | F |
| 3BR | $4,960 | $2,826,942 | 0.18% | F |
| 4BR | $5,570 | $4,087,020 | 0.14% | F |
| 5BR | $6,461 | $8,130,603 | 0.08% | F |
U.S. Census Bureau data (2024)
The ZIP code 90265, located in Malibu, CA, has a population of 15,918, with 21.5% being renters. This indicates that the area is predominantly a homeowner-dominated region rather than a renter-heavy ZIP. The median household income in this area stands at $196,742, which is significantly higher than the average market rent of $16,598.
To understand the economic impact on potential tenants, consider that the typical market rent consumes approximately 8.5% of the local median income. This calculation is derived from dividing the market rent by the median income and multiplying by 100. Given the high median income, the cost of rent is relatively low compared to earnings, suggesting that most residents can afford housing without financial assistance.
Comparing the market rent to the Fair Market Rent (FMR) set at $3,810 for FY 2024, it's evident that the actual rental prices in Malibu far exceed the FMR. This discrepancy highlights the limited utility of Section 8 vouchers in this ZIP code, as the voucher amount would cover only a fraction of the typical market rent. Landlords in this area should not expect a significant number of applicants relying solely on Section 8 vouchers due to the high cost of living and rental rates.
The type of tenant profile landlords in 90265 should anticipate includes individuals or families who have a stable income source, possibly from high-paying jobs in nearby Los Angeles or other affluent areas. These tenants would likely require additional financial resources beyond the FMR to meet the local rental costs. Landlords should prepare for a tenant pool that can afford higher rents and may seek properties for their quality and location rather than price alone.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.