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 | $3,150 |
| 1 Bedroom | $3,670 |
| 2 Bedrooms | $4,520 |
| 3 Bedrooms | $5,910 |
| 4 Bedrooms | $6,650 |
| 5 Bedrooms | $7,714 |
| 6 Bedrooms | $8,640 |
| 7 Bedrooms | $9,331 |
| 8 Bedrooms | $9,798 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $5,910 | $3,054,672 | 0.19% | F |
| 4BR | $6,650 | $4,284,641 | 0.16% | F |
| 5BR | $7,714 | $7,470,429 | 0.1% | F |
U.S. Census Bureau data (2024)
ZIP code 94957 is situated within the San Francisco, CA HUD Metro FMR Area. Its Fair Market Rent (FMR) for FY 2024 is set at $3,050. To understand how this compares to other ZIP codes in the area, we need to look at its market rent, home value, and renter share.
The market rent in ZIP 94957 is $3,501, slightly above the FMR. This indicates that the rental market in this ZIP is somewhat competitive, but still within reach for those eligible for Section 8 assistance. The median home value stands at $4,004,485, which is notably higher than what might be considered typical for the broader San Francisco, CA HUD Metro FMR Area. This suggests that 94957 is a premium sub-market within the larger metropolitan area, characterized by higher-end housing options.
The renter share in ZIP 94957 is 13.5%, which is relatively low compared to the average in San Francisco where renter shares can be much higher. Given the high median home value, it's clear that this ZIP code caters primarily to homeowners rather than renters. However, the combination of a below-metro FMR and a lower-than-average renter share does not necessarily indicate a Section 8 sweet spot. Typically, such a sweet spot would be marked by a higher renter share and more affordable home values.
In summary, ZIP 94957 is positioned as a premium sub-market within the San Francisco, CA HUD Metro FMR Area, with high home values and a slightly competitive rental market. While it offers some rental properties at rates slightly above the FMR, the overall profile leans towards being a desirable location for homeowners rather than a value pocket for Section 8 tenants.
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.