ZIP 94002 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 94002 in the San Francisco, CA FMR area.

$2,740Efficiency
$3,2001 bedroom
$3,9402 bedrooms
$5,1503 bedrooms
$5,8004 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$2,740$2,466$3,014$2,574
1 bedroom$3,200$2,880$3,520$3,003
2 bedrooms$3,940$3,546$4,334$3,697
3 bedrooms$5,150$4,635$5,665$4,832
4 bedrooms$5,800$5,220$6,380$5,439

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Income in ZIP 94002

$282,570average adjusted gross income per tax return (2022)
$212,756average salaries and wages per return
13,050tax returns filed
17%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00015.5%
$25,000 to $50,00010.3%
$50,000 to $75,0009.7%
$75,000 to $100,0008.7%
$100,000 to $200,00020.4%
$200,000 or more35.6%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 3.4% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 94002?

HUD's FY2027 Small Area FMRs for ZIP 94002 (San Francisco, CA) are $2,740 efficiency, $3,200 one bedroom, $3,940 two bedrooms, $5,150 three and $5,800 four bedrooms.

What payment standard can a housing authority set in ZIP 94002?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $3,546 to $4,334.

How affordable is rent in ZIP 94002?

Tax returns filed from ZIP 94002 reported an average adjusted gross income of $282,570 (2022). A two-bedroom unit at the Small Area FMR costs $47,280 a year, or 17% of that income.