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 |
The ZIP code 94942 in San Francisco County presents unique challenges and opportunities for landlords and small-portfolio investors due to its distinct data profile. The area lacks detailed demographic information such as resident count, rental percentage, median income, and median home value, which are typically crucial for understanding the local market dynamics. However, the Federal Market Rent (FMR) for ZIP 94942 is set at $3250 for fiscal year 2024, providing a clear benchmark for Section 8 voucher holders.
In the absence of comprehensive market rent data, the FMR serves as a significant indicator for potential rental income. Landlords should note that the $3250 FMR represents the maximum amount the government will pay for a unit in this ZIP code, ensuring that rents do not exceed fair market levels. This figure can be used to set competitive yet government-approved rent prices, attracting Section 8 tenants while maintaining profitability.
Despite the lack of specific economic indicators, the data suggests a transitional environment for ZIP 94942. The absence of concrete figures on residents and median values indicates either recent changes in the area's composition or limited available data, which could mean new developments or shifts in population demographics. For investors, this transitional phase may present both risks and opportunities, as it can signal areas ripe for investment as they evolve.
To navigate this transitional period effectively, landlords should closely monitor any updates in the local real estate market and federal guidelines. Engaging with local real estate associations and keeping an eye on upcoming projects or policy changes can provide valuable insights into how the ZIP code might stabilize over time. Additionally, understanding the specific needs of Section 8 tenants and how to meet them can help landlords maintain a steady occupancy rate and positive cash flow.
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.