Section 8 Fair Market Rent (FMR) for ZIP 94524 - 2027
Location: Oakland-Fremont, CA | Metro: Oakland-Fremont, CA HUD Metro FMR Area
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $2,080 |
| 1 Bedroom | $2,280 |
| 2 Bedrooms | $2,790 |
| 3 Bedrooms | $3,570 |
| 4 Bedrooms | $4,230 |
| 5 Bedrooms | $4,907 |
| 6 Bedrooms | $5,496 |
| 7 Bedrooms | $5,936 |
| 8 Bedrooms | $6,233 |
Based on the available data, ZIP code 94524 falls within the Oakland-Fremont, CA HUD Metro FMR Area. For fiscal year 2024, the Fair Market Rent (FMR) for ZIP 94524 is set at $2,600. In comparison, the average FMR for a two-bedroom unit in the Oakland-Fremont, CA HUD Metro FMR Area for fiscal year 2025 is $2,682. This suggests that ZIP 94524 is slightly below the metro average in terms of FMR.
Given that the market rent, home value, and renter share for ZIP 94524 are currently unavailable, it's difficult to make precise comparisons. However, the lower FMR indicates that 94524 could be considered a value pocket within the metro area. Typically, value pockets offer rental opportunities at rates that are more affordable compared to the broader market, making them attractive for landlords participating in the Section 8 program.
Without specific figures for market rent and home value, we cannot definitively conclude if there is a significant divergence from the typical ZIP codes in the Oakland-Fremont, CA HUD Metro FMR Area. However, the lower FMR suggests that landlords in 94524 might find it easier to attract tenants who qualify for Section 8 vouchers, given that the voucher amount is likely closer to the actual rent in this area.
To further analyze the position of ZIP 94524 within the Oakland-Fremont, CA HUD Metro FMR Area, specific market rent and home value data would be necessary. The current information points towards a potentially favorable environment for landlords interested in the Section 8 program due to the lower FMR.
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.