Location: Oakland-Fremont, CA | Metro: Oakland-Fremont, CA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,930 |
| 1 Bedroom | $2,150 |
| 2 Bedrooms | $2,630 |
| 3 Bedrooms | $3,360 |
| 4 Bedrooms | $3,980 |
| 5 Bedrooms | $4,617 |
| 6 Bedrooms | $5,171 |
| 7 Bedrooms | $5,585 |
| 8 Bedrooms | $5,864 |
U.S. Census Bureau data (2024)
ZIP code 94613 is situated within the Oakland-Fremont, CA HUD Metro FMR Area. For fiscal year 2024, the Fair Market Rent (FMR) for a two-bedroom apartment in ZIP 94613 is $2,170, which is slightly below the average FMR of $2,590 for the entire metro area.
The lack of specific market rent and home value data for ZIP 94613 makes it challenging to draw definitive conclusions about its classification within the metro. However, the lower FMR compared to the metro average suggests that ZIP 94613 might be considered a value pocket. This means that landlords could potentially offer competitive rents to Section 8 tenants without exceeding the FMR cap.
While the renter share percentage is not available, the lower FMR in ZIP 94613 could indicate a higher concentration of affordable housing units, which might attract more renters. This scenario could make ZIP 94613 particularly attractive for landlords participating in the Section 8 program, as it offers a balance between affordability and demand.
To summarize, ZIP 94613 appears to be a value pocket within the Oakland-Fremont, CA HUD Metro FMR Area, offering landlords an opportunity to participate in the Section 8 program with slightly below-average rents while still meeting the needs of potential tenants.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
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.