ZIP 94005 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 94005 in the San Francisco, CA FMR area.

$2,470Efficiency
$2,8801 bedroom
$3,5402 bedrooms
$4,6303 bedrooms
$5,2104 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$2,470$2,223$2,717$2,574
1 bedroom$2,880$2,592$3,168$3,003
2 bedrooms$3,540$3,186$3,894$3,697
3 bedrooms$4,630$4,167$5,093$4,832
4 bedrooms$5,210$4,689$5,731$5,439

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

Income in ZIP 94005

$161,531average adjusted gross income per tax return (2022)
$121,000average salaries and wages per return
2,480tax returns filed
26%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00016.5%
$25,000 to $50,00012.1%
$50,000 to $75,00012.5%
$75,000 to $100,0009.7%
$100,000 to $200,00024.6%
$200,000 or more24.6%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 5.2% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 94005?

HUD's FY2027 Small Area FMRs for ZIP 94005 (San Francisco, CA) are $2,470 efficiency, $2,880 one bedroom, $3,540 two bedrooms, $4,630 three and $5,210 four bedrooms.

What payment standard can a housing authority set in ZIP 94005?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $3,186 to $3,894.

How affordable is rent in ZIP 94005?

Tax returns filed from ZIP 94005 reported an average adjusted gross income of $161,531 (2022). A two-bedroom unit at the Small Area FMR costs $42,480 a year, or 26% of that income.