What is the Fair Market Rent in Simi Valley, CA?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home runs from $2,730 to $2,990 a month across the 2 ZIP codes that cover Simi Valley.

By ZIP code: 93065 $2,990, 93063 $2,730.

Across the whole Oxnard-Thousand Oaks-Ventura, CA MSA the two-bedroom figure is $2,424.

The Census Bureau’s median gross rent for a two-bedroom home in Simi Valley is $2,461 (±$101), below the Small Area figure for ZIP 93065.

Figures last updated on November 12, 2026.

2 bedrooms, whole area: $2,424
2 bedrooms, ZIP 93065: $2,990
2 bedrooms, ZIP 93063: $2,730

Fair Market Rents for Simi Valley, fiscal year 2027

HUD Fair Market Rent, dollars a month (gross rent, including utilities), beside the Census Bureau’s median gross rent for each ZIP code
	Studio	1 bedroom	2 bedrooms	3 bedrooms	4 bedrooms	Census median rent
Oxnard-Thousand Oaks-Ventura, CA MSA (whole area)	$1,827	$2,035	$2,424	$3,287	$3,816	—
ZIP 93065 (96% of the ZIP’s land is in this place)	$2,220	$2,500	$2,990	$4,050	$4,710	$2,651
ZIP 93063 (31% of the ZIP’s land is in this place)	$2,050	$2,290	$2,730	$3,700	$4,300	$2,466

A Fair Market Rent is HUD’s estimate of the gross rent (shelter plus utilities) of a modest rental home in the area.

Whether a housing authority uses the ZIP code (Small Area) figures or the area-wide one depends on whether HUD has designated the area for Small Area FMRs or the authority has opted in; ask the local housing authority which applies.

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Questions about Simi Valley

What is the Section 8 payment standard in Simi Valley?

Housing authorities set payment standards between 90% and 110% of HUD’s Fair Market Rent; for fiscal year 2027, the two-bedroom Fair Market Rent for the Oxnard-Thousand Oaks-Ventura, CA MSA is $2,424, and the Small Area figure for 93065 is $2,990.

What is the Fair Market Rent for a two-bedroom in ZIP 93065?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 93065 is $2,990 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $2,651 (±$114).

What is the Fair Market Rent for a two-bedroom in ZIP 93063?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 93063 is $2,730 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $2,466 (±$127).

What is the Fair Market Rent for a one-bedroom in Simi Valley?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a one-bedroom home in ZIP 93065 is $2,500 a month, against $2,035 across the Oxnard-Thousand Oaks-Ventura, CA MSA.

Sources

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.