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 | $4,570 |
| 5 Bedrooms | $5,301 |
| 6 Bedrooms | $5,937 |
| 7 Bedrooms | $6,412 |
| 8 Bedrooms | $6,733 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $3,250 | $1,034,785 | 0.31% | F |
| 3BR | $4,150 | $1,567,606 | 0.26% | F |
U.S. Census Bureau data (2024)
The ZIP code 94929 in Marin County, California, stands out due to its unique demographic and economic characteristics. With only 293 residents, it is one of the smallest ZIP codes in the county. Despite its size, 16.8% of these residents are renters, which is a notable percentage given the high median income of $209,536. The median home value in this ZIP is exceptionally high at $1,393,142, reflecting the area's affluent nature.
In terms of Section 8 voucher economics, the Fair Market Rent (FMR) for ZIP 94929 has been set at $3680 for fiscal year 2024. However, the market rent data is currently unavailable, making direct comparisons challenging. The high FMR suggests that landlords participating in the Section 8 program can expect decent rental income, though it is important to note that this amount is significantly lower than the typical market rates implied by the high median home values.
The data signature for ZIP 94929 reads as stable. The high median income and median home value indicate a consistent level of wealth among its residents. While the percentage of renters is relatively low compared to other areas, the presence of Section 8 vouchers at a fair rate provides a reliable source of income for landlords. Given the limited number of residents, any significant changes would likely be noticeable, but the current figures suggest a steady environment with little indication of major transitions.
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.