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 | $2,900 |
| 1 Bedroom | $3,390 |
| 2 Bedrooms | $4,170 |
| 3 Bedrooms | $5,450 |
| 4 Bedrooms | $6,130 |
| 5 Bedrooms | $7,111 |
| 6 Bedrooms | $7,964 |
| 7 Bedrooms | $8,601 |
| 8 Bedrooms | $9,031 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $4,170 | $1,192,475 | 0.35% | F |
| 3BR | $5,450 | $1,458,905 | 0.37% | F |
| 4BR | $6,130 | $1,733,154 | 0.35% | F |
U.S. Census Bureau data (2024)
The ZIP code 94037, Moss Beach, CA, presents a dynamic rental market with specific characteristics that indicate ongoing pressures and opportunities. The Fair Market Rent (FMR) for the area stands at $3430 for fiscal year 2024, reflecting the government's assessment of what is considered a reasonable rent for a modest apartment. This figure is notably higher than the market rent reported by the Census American Community Survey (ACS), which is $3,032. This discrepancy suggests that there might be a slight overestimation in the FMR, possibly due to regional economic factors or the inclusion of certain amenities that drive up costs.
The median home value in Moss Beach is $1,512,049, indicating a high-end residential market. However, the lack of data on the percentage of price-cut share and days on market (DOM) prevents a direct analysis of the current supply-demand balance. Despite these missing metrics, the 21.8% renter share provides insight into the long-term housing dynamics. A lower renter share compared to typical urban areas suggests that homeownership is relatively strong in Moss Beach. This implies that long-term housing pressure might be less pronounced here, as fewer residents are in the rental market. Nevertheless, the presence of renters still contributes to housing demand, creating an environment where rental properties can command steady occupancy rates if managed effectively.
In summary, Moss Beach exhibits a market where rental properties are valued but do not necessarily face the same competitive pressures as in areas with higher renter shares. Landlords and small-portfolio investors should focus on maintaining properties that align with the local economic conditions and tenant expectations, ensuring they stay above the market rent while not exceeding the FMR. The high median home value also signals a robust economy capable of supporting higher rents, provided the units meet the quality standards expected by residents.
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.