Location: San Francisco, CA | Metro: San Francisco, CA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,470 |
| 1 Bedroom | $2,880 |
| 2 Bedrooms | $3,540 |
| 3 Bedrooms | $4,630 |
| 4 Bedrooms | $5,210 |
| 5 Bedrooms | $6,044 |
| 6 Bedrooms | $6,769 |
| 7 Bedrooms | $7,311 |
| 8 Bedrooms | $7,677 |
The Section 8 housing market in ZIP code 94119, part of the San Francisco, CA HUD Metro FMR Area, is characterized by a Federal Market Rent (FMR) set at $3220 for fiscal year 2024. This figure represents the maximum amount landlords can receive for renting their properties under the Section 8 program. However, without current market rent data for comparison, it's challenging to determine the exact cashflow potential for voucher tenants.
Despite the lack of recent market rent data, the median home value in ZIP 94119 remains a critical factor in assessing the overall economic health of the area. A higher median home value typically indicates a robust local economy, which can positively influence rental income and property values over time. The absence of specific rent-to-price ratio calculations makes it difficult to provide a precise numerical analysis, but generally, a strong median home value suggests a stable and potentially appreciating real estate market.
In terms of days on market (DOM) and the percentage of price cuts, these metrics are usually indicative of how competitive the rental market is versus the buying market. Since the DOM and price cut percentages are currently unavailable, we cannot make a direct comparison between renting and buying in this area. Nonetheless, these factors would be crucial for understanding the speed at which properties are leased and the flexibility required in pricing to attract tenants.
The strongest angle for Section 8 investors in ZIP 94119 appears to be stability. Given San Francisco's reputation as a resilient market, with historically high median home values, the likelihood of maintaining steady rental incomes and property values is favorable. Landlords and small-portfolio investors can expect consistent cashflows from voucher tenants, assuming the FMR aligns closely with the prevailing market rents, which would support long-term investment strategies focused on stability and gradual appreciation.
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.