Location: Oxnard-Thousand Oaks-Ventura, CA | Metro: Oxnard-Thousand Oaks-Ventura, CA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,830 |
| 1 Bedroom | $2,040 |
| 2 Bedrooms | $2,430 |
| 3 Bedrooms | $3,290 |
| 4 Bedrooms | $3,820 |
| 5 Bedrooms | $4,431 |
| 6 Bedrooms | $4,963 |
| 7 Bedrooms | $5,360 |
| 8 Bedrooms | $5,628 |
The Fair Market Rent (FMR) for ZIP code 91358 in fiscal year 2024 is set at $2410. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 Housing Choice Voucher program. It's important to note that this is not the actual rent you will receive; it's the payment standard used by the Housing Authority to determine the subsidy amount.
Local average rents are currently listed as N/A, which makes direct comparison challenging. However, the FMR serves as a benchmark for landlords to understand the upper limit they can set for their properties under the Section 8 program.
The percentage of renters in ZIP 91358 is N/A%, indicating a significant portion of the population relies on rental housing. This suggests there could be strong demand for Section 8 rentals, especially if the area has a high number of low-income families.
The median home value in the area is also noted as N/A, which can help you gauge the acquisition cost of potential rental properties. If you're looking to invest in a property, this figure provides insight into how much you might need to spend to acquire a suitable asset.
Before proceeding with your first Section 8 rental in ZIP 91358, ensure that your property meets all the required standards set by the Housing Authority. This includes passing a housing quality standards (HQS) inspection, which verifies that the property is safe, decent, and sanitary for tenants.
Data Sources: FMR data from HUD (2027).
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.