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 ZIP code 94164, located in San Francisco, CA, presents a dynamic rental market with significant implications for landlords and small-portfolio investors. The Fair Market Rent (FMR) for the area is set at $3220 for the fiscal year 2024, indicating a high cost of living and strong rental demand. However, the lack of available data on market rent, price-cut share, days on market (DOM), and median home value suggests that the rental sector might be experiencing fluctuations or that there is limited transparency in the current market conditions.
In a high-demand area such as 94164, the absence of specific metrics like price-cut share and DOM could imply that units are renting quickly without the need for significant discounts, which would support the notion that demand outpaces supply. This scenario is typical in urban centers where population growth and employment opportunities drive up rental demand. The high FMR further underscores the attractiveness of the area to renters, making it a prime location for investment.
The N/A% renter share, while missing specific figures, points to a potentially robust long-term housing pressure. In areas with a high concentration of renters, there is often an underlying trend towards increasing rental rates due to the limited availability of affordable homeownership options. This dynamic can create a steady demand for rental properties, benefiting landlords who maintain well-managed units in desirable locations.
Investors should closely monitor the rental market in ZIP 94164 for signs of changing dynamics, such as shifts in the local economy, new construction projects, or changes in tenant preferences. Despite the lack of comprehensive data, the high FMR indicates a strong rental market that could continue to attract both tenants and investors looking for stable returns. For landlords, maintaining competitive rents and attractive amenities will be key to sustaining occupancy levels and maximizing investment potential in this vibrant market.
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.