Location: San Francisco, CA | Metro: San Francisco, CA HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,980 |
| 1 Bedroom | $3,480 |
| 2 Bedrooms | $4,280 |
| 3 Bedrooms | $5,600 |
| 4 Bedrooms | $6,300 |
| 5 Bedrooms | $7,308 |
| 6 Bedrooms | $8,185 |
| 7 Bedrooms | $8,840 |
| 8 Bedrooms | $9,282 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $4,280 | $1,629,685 | 0.26% | F |
| 3BR | $5,600 | $2,725,655 | 0.21% | F |
| 4BR | $6,300 | $4,020,838 | 0.16% | F |
| 5BR | $7,308 | $5,458,481 | 0.13% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP 94920, Tiburon, California, in fiscal year 2024 is set at $4200. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 program. It is important to note that this is not the actual rent you will receive; it is the benchmark used by the housing authority to determine what is considered fair rent in the area.
In comparison, the typical market rent for ZIP 94920 is significantly higher, at $5,276 per month according to the ZORI index. This means that if you decide to participate in the Section 8 program, your rental income will be lower than the average market rate. However, the Section 8 program ensures timely payments and reduces the risk of non-payment.
The renter share in this area is 27.7%, indicating that approximately 27.7% of the population are renters. This suggests a moderate demand for rental properties, but given the high median home value of $3,265,529, many potential residents may find homeownership out of reach, thus relying on rentals. As a result, there is likely a steady demand for affordable rental options.
Before deciding to enter the Section 8 program with your property, ensure that your rental unit meets all the necessary requirements for habitability and safety standards. The housing authority will inspect your property to confirm compliance with these standards before approving it for the program.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.