Section 8 Fair Market Rent (FMR) for ZIP 94042 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 94042, located in the San Francisco Bay Area, is known for its proximity to Silicon Valley and its vibrant mix of residential and commercial spaces. This area attracts a diverse range of tenants, from tech professionals to families, making it a prime location for real estate investments.

• Fair Market Rent (FMR) for ZIP 94042 in fiscal year 2024 is set at $3130. This figure represents the maximum amount that low-income households should pay for rent, based on the latest data from the U.S. Department of Housing and Urban Development (HUD).
• Market rent information is currently unavailable for ZIP 94042. This gap in data makes it challenging to compare HUD's FMR with the actual rents being charged in the area.
• Middle home values in ZIP 94042 are also not available. Without this information, it's difficult to assess the potential for appreciation in property values or the overall economic health of the housing market in the area.
• The percentage of residents who are renters is not available for ZIP 94042. Understanding the renter share can provide insights into the demand for rental properties and the potential occupancy rates.
• The days on market (DOM) data for ZIP 94042 is not available. Knowing the average time it takes for a property to sell can help investors gauge the liquidity of their investment in this area.
• The median household income for ZIP 94042 is not available. Income levels can influence the ability of residents to afford higher rents or purchase homes, impacting the local real estate market.

Given the available data, investors in ZIP 94042 should focus on the Fair Market Rent of $3130 as a benchmark for setting rental prices, particularly for Section 8 properties. However, the lack of market rent, median home value, renter share, days on market, and median income data introduces significant uncertainty into the investment decision-making process. To make informed decisions, landlords and small-portfolio investors must seek additional local market insights to complement the HUD FMR figure. This will ensure they can accurately price their rentals and understand the broader economic context of their investment.

Data Sources: FMR data from HUD (2027).

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.