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 HUD Fair Market Rent (FMR) for ZIP 94976 in San Francisco County, California, is set at $3250 for FY 2024. This figure represents the maximum amount that a Section 8 tenant can be expected to pay towards rent under the federal housing assistance program.
A recent web search indicates that the current market rent for the area is not directly available. However, similar areas in the San Francisco Bay region suggest higher market rents, often exceeding $3250. In such a scenario, voucher tenants would likely cashflow only with premium units or larger properties where the FMR covers a significant portion of the total rent.
The median home value in ZIP 94976 is not specified, making it challenging to calculate an exact rent-to-price ratio. However, given the high cost of living in San Francisco County, it is reasonable to assume that the median home values are quite substantial, leading to a relatively low rent-to-price ratio compared to the national average.
In terms of days on market (DOM) and the percentage of homes requiring price cuts, these figures are also unspecified. Nevertheless, in competitive markets like San Francisco, a high DOM could indicate slower sales, while a significant price-cut share might suggest that buyers are hesitating to commit at current prices. These factors could influence the rent-versus-buy dynamics, potentially making renting a more attractive option for many.
The strongest investor angle in ZIP 94976 appears to be stability. Given the robust demand for rental properties in San Francisco County and the consistent presence of Section 8 tenants who provide reliable income streams, investors can expect steady returns over time. While appreciation and cash flow are important considerations, the predictability of rental income in this area offers a solid foundation for investment growth.
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.