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 | $2,240 |
| 1 Bedroom | $2,680 |
| 2 Bedrooms | $3,250 |
| 3 Bedrooms | $4,150 |
| 4 Bedrooms | $4,300 |
| 5 Bedrooms | $4,988 |
| 6 Bedrooms | $5,587 |
| 7 Bedrooms | $6,034 |
| 8 Bedrooms | $6,336 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $2,680 | $1,386,145 | 0.19% | F |
| 2BR | $3,250 | $1,785,372 | 0.18% | F |
| 3BR | $4,150 | $2,506,466 | 0.17% | F |
U.S. Census Bureau data (2024)
Bolinas, CA, located in Marin County, has a unique demographic profile that sets it apart from many other ZIP codes. With only 1,372 residents, it is a small community where 24.2% of the population rents their homes. The median household income in Bolinas is $101,458, reflecting a relatively affluent area. However, the median home value stands at an impressive $1,862,182, indicating that homeownership here is reserved for those with significant financial resources.
The voucher economics in ZIP 94924 present a stark contrast between federal guidelines and local market realities. The Fair Market Rent (FMR) for the area, as set by the Department of Housing and Urban Development (HUD) for fiscal year 2024, is $2,870. This figure is notably higher than the average market rent of $1,924, as reported by the Census Bureau's American Community Survey (ACS). Landlords and small-portfolio investors should be aware that accepting Section 8 vouchers can provide a stable income source that exceeds typical market rates, making it a lucrative option despite the administrative overhead.
Based on the available data, Bolinas appears to be a stable community with high property values and a strong economic foundation. The disparity between the HUD-set FMR and the actual market rent suggests a robust opportunity for landlords who choose to participate in the Section 8 program. This stability, combined with the potential for above-market rental income, positions Bolinas as an attractive location for real estate investment, particularly for those interested in leveraging government housing assistance programs.
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.