ZIP 94115 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 94115 in the San Francisco, CA FMR area.

$2,900Efficiency
$3,3801 bedroom
$4,1602 bedrooms
$5,4403 bedrooms
$6,1204 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$2,900$2,610$3,190$2,574
1 bedroom$3,380$3,042$3,718$3,003
2 bedrooms$4,160$3,744$4,576$3,697
3 bedrooms$5,440$4,896$5,984$4,832
4 bedrooms$6,120$5,508$6,732$5,439

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

Income in ZIP 94115

$332,801average adjusted gross income per tax return (2022)
$179,212average salaries and wages per return
17,910tax returns filed
15%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00014.6%
$25,000 to $50,00011.3%
$50,000 to $75,00011.4%
$75,000 to $100,00010.4%
$100,000 to $200,00024.8%
$200,000 or more27.6%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 5.4% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 94115?

HUD's FY2027 Small Area FMRs for ZIP 94115 (San Francisco, CA) are $2,900 efficiency, $3,380 one bedroom, $4,160 two bedrooms, $5,440 three and $6,120 four bedrooms.

What payment standard can a housing authority set in ZIP 94115?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $3,744 to $4,576.

How affordable is rent in ZIP 94115?

Tax returns filed from ZIP 94115 reported an average adjusted gross income of $332,801 (2022). A two-bedroom unit at the Small Area FMR costs $49,920 a year, or 15% of that income.