Location: Oxnard-Thousand Oaks-Ventura, CA | Metro: Oxnard-Thousand Oaks-Ventura, CA MSA
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 | $2,320 |
| 1 Bedroom | $2,610 |
| 2 Bedrooms | $3,120 |
| 3 Bedrooms | $4,230 |
| 4 Bedrooms | $4,910 |
| 5 Bedrooms | $5,696 |
| 6 Bedrooms | $6,380 |
| 7 Bedrooms | $6,890 |
| 8 Bedrooms | $7,235 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $2,610 | $456,224 | 0.57% | F |
| 2BR | $3,120 | $638,318 | 0.49% | F |
| 3BR | $4,230 | $831,322 | 0.51% | F |
| 4BR | $4,910 | $1,119,643 | 0.44% | F |
| 5BR | $5,696 | $1,584,678 | 0.36% | F |
U.S. Census Bureau data (2024)
The classification of ZIP 93012 (Camarillo, CA) on the yield and stability axes reveals a nuanced picture for landlords and small-portfolio investors. The Fair Market Rent (FMR) for the fiscal year 2024 is $2,950, while the market rent stands at $3,063. Given a home value of $925,633, the yield is relatively low, suggesting that the area is not a high-yield market.
On the stability axis, the data points towards a moderate level of stability. With 29.9% of residents being renters, there is a significant but not overwhelming rental market presence. The 21-day Days on Market (DOM) indicates a quick turnover rate, which is favorable for landlords seeking consistent cash flow. However, the median household income of $135,217 suggests that tenants can afford higher rents, potentially leading to fewer defaults and evictions.
To further analyze the stability, consider the recent trends in the housing market. According to Zillow, the average home value has decreased by 0.7% over the past year. Redfin reports that in February 2026, home prices in 93012 were down 2.0% compared to the previous year, with a median sale price of $770,000. This slight decline in home values might indicate some instability, but the quick DOM suggests that the rental market remains robust.
In conclusion, ZIP 93012 is best classified as a steady-cashflow zone rather than a high-yield/low-stability flip-style market. The figures indicate a balanced environment where yields are modest due to the relatively high home values, but the rental market is stable enough to provide predictable income for landlords and small-portfolio investors.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.