Location: San Francisco, CA | Metro: San Francisco, 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 | $2,650 |
| 1 Bedroom | $3,090 |
| 2 Bedrooms | $3,800 |
| 3 Bedrooms | $4,970 |
| 4 Bedrooms | $5,590 |
| 5 Bedrooms | $6,484 |
| 6 Bedrooms | $7,262 |
| 7 Bedrooms | $7,843 |
| 8 Bedrooms | $8,235 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $3,090 | $466,935 | 0.66% | D |
| 2BR | $3,800 | $1,059,261 | 0.36% | F |
| 3BR | $4,970 | $1,189,828 | 0.42% | F |
| 4BR | $5,590 | $1,313,236 | 0.43% | F |
| 5BR | $6,484 | $1,430,965 | 0.45% | F |
U.S. Census Bureau data (2024)
Daly City’s 94015 ZIP code offers a suburban atmosphere immediately south of San Francisco, characterized by foggy rolling hills and a diverse residential fabric. The neighborhood serves as a strategic bedroom community where residents enjoy proximity to major employment centers. Notably, the region benefits from the presence of Seton Medical Center, a key local institution and employer that anchors the area's economic stability and healthcare infrastructure.
Financially, the market presents a significant upside for voucher holders. The FY2026 Fair Market Rent for a 2-bedroom unit sits at $3,750, while current market rents (Zillow ZORI) average just $2,676, creating a favorable gap of $1,074. This spread suggests Section 8 tenants can command premiums well above standard market rates. Meanwhile, entry costs remain high, with a median home value of $1,197,124 and a median 2BR sale price of $1,074,394. Properties move quickly here, with a median days on market of just 17 days, indicating robust competition.
The tenant pool is strong, supported by a 39.6% renter share and a median household income of $127,056. This income level, combined with the area’s rental density, points to a steady demand for housing. Families are likely drawn to the local amenities, including the highly-rated Jefferson Union High School District and convenient access to BART stations, which facilitate commutes into San Francisco. These factors make the neighborhood attractive to voucher holders seeking quality schools and transit options.
The strongest investor angle in 94015 is guaranteed cash flow via the Section 8 program. The $1,074 gap between the 2-bedroom FMR and market rent provides a substantial cushion that exceeds typical yields in the broader market. While the high median home value requires significant capital, the speed of sales (17 days) suggests high liquidity and appreciation potential, making this a viable play for investors seeking both stability and premium voucher payments.
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.