Section 8 Fair Market Rent (FMR) for ZIP 94913 - 2027
Location: San Francisco, CA | Metro: San Francisco, CA HUD Metro FMR Area
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $2,500 |
| 1 Bedroom | $2,920 |
| 2 Bedrooms | $3,590 |
| 3 Bedrooms | $4,690 |
| 4 Bedrooms | $5,280 |
| 5 Bedrooms | $6,125 |
| 6 Bedrooms | $6,860 |
| 7 Bedrooms | $7,409 |
| 8 Bedrooms | $7,779 |
To determine if a landlord should buy in ZIP code 94913 for Section 8 purposes, follow this decision tree:
- Does FMR $3250 (zip FY 2024) clear debt service on a property?
- If yes: Proceed to the next question.
- If no: Do not invest in this area for Section 8. The Fair Market Rent (FMR) must cover your debt service to ensure profitability.
- Is market rent above, at, or below FMR?
- If market rent is above FMR: There is potential for higher returns outside of Section 8, but it does not directly impact Section 8 investment viability. Continue to the next question.
- If market rent is at or below FMR: Section 8 can be a stable income source. Continue to the next question.
- Are renters' demand and days on market (DOM) sufficient?
- If there is sufficient demand and low DOM: This indicates a healthy rental market where Section 8 properties can be quickly occupied. Yes, consider investing in this ZIP code.
- If demand is insufficient or DOM is high: This suggests that finding tenants may be challenging. No, do not invest in this ZIP code unless you can address these issues.
Note: Due to missing specific data points such as the exact percentage of renters and market rent figures, some branches of the decision tree cannot be fully evaluated. For a complete analysis, obtain detailed local market data.
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.