ZIP 94108 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 94108 in the San Francisco, CA FMR area.

$2,240Efficiency
$2,6801 bedroom
$3,2502 bedrooms
$4,1503 bedrooms
$4,3704 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$2,240$2,016$2,464$2,574
1 bedroom$2,680$2,412$2,948$3,003
2 bedrooms$3,250$2,925$3,575$3,697
3 bedrooms$4,150$3,735$4,565$4,832
4 bedrooms$4,370$3,933$4,807$5,439

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

Income in ZIP 94108

$131,648average adjusted gross income per tax return (2022)
$80,895average salaries and wages per return
6,160tax returns filed
30%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00025.2%
$25,000 to $50,00018.5%
$50,000 to $75,00015.9%
$75,000 to $100,00010.6%
$100,000 to $200,00017.5%
$200,000 or more12.3%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 11.4% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 94108?

HUD's FY2027 Small Area FMRs for ZIP 94108 (San Francisco, CA) are $2,240 efficiency, $2,680 one bedroom, $3,250 two bedrooms, $4,150 three and $4,370 four bedrooms.

What payment standard can a housing authority set in ZIP 94108?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $2,925 to $3,575.

How affordable is rent in ZIP 94108?

Tax returns filed from ZIP 94108 reported an average adjusted gross income of $131,648 (2022). A two-bedroom unit at the Small Area FMR costs $39,000 a year, or 30% of that income.