Location: San Francisco, CA | Metro: San Francisco, CA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,740 |
| 1 Bedroom | $3,190 |
| 2 Bedrooms | $3,930 |
| 3 Bedrooms | $5,140 |
| 4 Bedrooms | $5,780 |
| 5 Bedrooms | $6,705 |
| 6 Bedrooms | $7,510 |
| 7 Bedrooms | $8,111 |
| 8 Bedrooms | $8,517 |
The Fair Market Rent (FMR) for ZIP code 94125 in fiscal year 2024 is set at $3600. This figure represents the payment standard used by the U.S. Department of Housing and Urban Development (HUD) for the Section 8 Housing Choice Voucher program. It does not directly reflect the amount you will receive as rent; rather, it is the maximum amount that HUD will pay on behalf of eligible tenants.
To put this into perspective, the FMR is based on the average market rent for the area. In ZIP 94125, the local median rent is currently N/A, which indicates that the FMR of $3600 is likely higher than what many renters would typically pay out-of-pocket. However, the demand for rental properties in this area is high, with N/A% of residents being renters. This suggests a strong potential for occupancy, which is crucial for ensuring steady income from your property.
The acquisition cost of properties in ZIP 94125 is also important to consider. The median home value in this area is N/A, reflecting the overall real estate market conditions. While the FMR provides a cap on the subsidy amount, it does not guarantee the total rent you can charge. Tenants are generally required to contribute 30% of their adjusted income towards rent, meaning that the voucher holder's portion plus the subsidy should cover the full rent amount.
Before finalizing your decision to participate in the Section 8 program with a property in ZIP 94125, ensure that your unit meets the minimum property standards set by HUD. These standards are designed to ensure that the housing is safe, decent, and sanitary for tenants. Compliance with these requirements is essential for approval and continued participation in the program.
In summary, while the FMR of $3600 sets the upper limit for subsidy payments, the actual rent you can charge depends on the tenant's income contribution. With a high percentage of renters and potentially strong demand, Section 8 rentals can be a stable investment. Verify that your property meets HUD’s minimum standards to proceed.
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.