FY2027 Small Area FMR · Simi Valley, CA
ZIP 93063 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 93063 (Simi Valley, CA) is $2,730 a month, down 9.9% from FY2026. That is 8% below the Los Angeles-Long Beach-Glendale, CA area-wide FMR of $2,964.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 93063 sits in the Los Angeles-Long Beach-Glendale, CA area
Of the 474 ZIP codes HUD lists for the area, 93063 has the 398th highest two-bedroom Small Area FMR. Los Angeles-Long Beach-Glendale, CA is one of the 65 metro areas where HUD requires Small Area FMRs for the Housing Choice Voucher program (designated 2023), so local housing agencies must set payment standards from this ZIP code's figure, normally between $2,457 and $3,003 for two bedrooms.
ZIP code 93063 crosses more than one HUD area. HUD also lists it under Oxnard-Thousand Oaks-Ventura, CA (same figures). The figure that applies depends on which side of the line the home is.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $2,050 | $1,845 – $2,255 | $2,151 | $2,250 |
| 1 bedroom | $2,290 | $2,061 – $2,519 | $2,402 | $2,530 |
| 2 bedrooms | $2,730 | $2,457 – $3,003 | $2,964 | $3,030 |
| 3 bedrooms | $3,700 | $3,330 – $4,070 | $3,760 | $4,110 |
| 4 bedrooms | $4,300 | $3,870 – $4,730 | $4,208 | $4,770 |
A household renting a two-bedroom home at the Small Area FMR of $2,730 needs about $109,200 a year to keep housing costs at 30% of income. The area median family income is $108,100 and the 80% low-income limit for four people is $133,250. ZIP code 93063 lies mainly in Ventura County. See the Los Angeles-Long Beach-Glendale, CA county page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 93063?
HUD's FY2027 Small Area Fair Market Rents for 93063 are $2,050 (studio), $2,290 (1 BR), $2,730 (2 BR), $3,700 (3 BR) and $4,300 (4 BR) a month.
What is the Section 8 payment standard in 93063?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 93063 that range is $2,457 to $3,003 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 93063?
The FY2026 income limits of the Los Angeles-Long Beach-Glendale, CA area apply: median family income $108,100, low-income (80%) limit $133,250 for a family of four.