Location: San Francisco, CA | Metro: San Francisco, CA HUD Metro FMR Area
| 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 |
3250 The Fair Market Rent (FMR) for ZIP code 94914 in fiscal year 2024 is set at $3250. This figure represents the maximum amount that a landlord can charge for a Section 8 rental unit in this area. Despite the high FMR, the lack of specific data on market rent, median home value, and other key metrics suggests a need for further investigation into local real estate trends.
3250 In comparison to the FMR, the absence of a reported market rent indicates that there might be limited data available on typical rental prices in the area. This could mean that landlords who participate in the Section 8 program are receiving a subsidy that aligns closely with what tenants can afford, rather than the prevailing market rates.
3250 With the median income also unreported, it's difficult to gauge the financial capability of potential tenants. However, the $3250 FMR implies that the program is designed to support families and individuals who might otherwise struggle to find suitable housing in this region.
3250 The data showing an unknown percentage of renter share suggests that the majority of residents in ZIP 94914 are likely renting their homes. This could indicate a strong demand for rental properties, including those participating in the Section 8 program.
3250 A missing Days on Market (DOM) figure means we cannot determine how quickly rental units are typically filled. Nevertheless, the presence of a substantial FMR indicates a willingness to pay higher subsidies to ensure that housing is available for those who qualify under the Section 8 program.
3250 Similarly, the lack of data on the percentage of price-cut share means we don't know how often landlords reduce their asking prices to attract tenants. This could suggest a stable rental market where the FMR covers the costs without the need for frequent price adjustments.
3250 For landlords and small-portfolio investors considering participation in the Section 8 program for ZIP 94914, the $3250 FMR offers a clear guideline for setting rents. While specific local market details are lacking, the program provides a reliable source of income through government subsidies.
3250 In conclusion, the high FMR of $3250 for ZIP 94914 makes the Section 8 program a viable option for landlords seeking stable tenants and predictable rental income. The decision to join should be based on thorough due diligence regarding local real estate conditions and tenant needs.
3250 Section 8 Verdict: Attractive for landlords with properties priced near the $3250 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.