ZIP 94103 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 94103 in the San Francisco, CA FMR area.

$2,740Efficiency
$3,1901 bedroom
$3,9302 bedrooms
$5,1403 bedrooms
$5,7804 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$2,740$2,466$3,014$2,574
1 bedroom$3,190$2,871$3,509$3,003
2 bedrooms$3,930$3,537$4,323$3,697
3 bedrooms$5,140$4,626$5,654$4,832
4 bedrooms$5,780$5,202$6,358$5,439

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

Income in ZIP 94103

$143,751average adjusted gross income per tax return (2022)
$121,331average salaries and wages per return
17,770tax returns filed
33%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00017.6%
$25,000 to $50,00016.8%
$50,000 to $75,00014.4%
$75,000 to $100,0009.7%
$100,000 to $200,00022.5%
$200,000 or more19.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 8.7% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 94103?

HUD's FY2027 Small Area FMRs for ZIP 94103 (San Francisco, CA) are $2,740 efficiency, $3,190 one bedroom, $3,930 two bedrooms, $5,140 three and $5,780 four bedrooms.

What payment standard can a housing authority set in ZIP 94103?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $3,537 to $4,323.

How affordable is rent in ZIP 94103?

Tax returns filed from ZIP 94103 reported an average adjusted gross income of $143,751 (2022). A two-bedroom unit at the Small Area FMR costs $47,160 a year, or 33% of that income.