ZIP 94104 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 94104 in the San Francisco, CA FMR area.

$2,420Efficiency
$2,8301 bedroom
$3,4802 bedrooms
$4,5503 bedrooms
$5,1204 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$2,420$2,178$2,662$2,574
1 bedroom$2,830$2,547$3,113$3,003
2 bedrooms$3,480$3,132$3,828$3,697
3 bedrooms$4,550$4,095$5,005$4,832
4 bedrooms$5,120$4,608$5,632$5,439

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

Income in ZIP 94104

$900,235average adjusted gross income per tax return (2022)
$169,378average salaries and wages per return
800tax returns filed
5%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00020.0%
$25,000 to $50,00011.2%
$50,000 to $75,0008.8%
$75,000 to $100,0007.5%
$100,000 to $200,00016.2%
$200,000 or more36.2%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 5.0% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 94104?

HUD's FY2027 Small Area FMRs for ZIP 94104 (San Francisco, CA) are $2,420 efficiency, $2,830 one bedroom, $3,480 two bedrooms, $4,550 three and $5,120 four bedrooms.

What payment standard can a housing authority set in ZIP 94104?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $3,132 to $3,828.

How affordable is rent in ZIP 94104?

Tax returns filed from ZIP 94104 reported an average adjusted gross income of $900,235 (2022). A two-bedroom unit at the Small Area FMR costs $41,760 a year, or 5% of that income.