ZIP 94116 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 94116 in the San Francisco, CA FMR area.

$2,840Efficiency
$3,3101 bedroom
$4,0802 bedrooms
$5,3303 bedrooms
$6,0004 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$2,840$2,556$3,124$2,574
1 bedroom$3,310$2,979$3,641$3,003
2 bedrooms$4,080$3,672$4,488$3,697
3 bedrooms$5,330$4,797$5,863$4,832
4 bedrooms$6,000$5,400$6,600$5,439

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

Income in ZIP 94116

$152,960average adjusted gross income per tax return (2022)
$108,364average salaries and wages per return
21,790tax returns filed
32%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00019.8%
$25,000 to $50,00013.8%
$50,000 to $75,00013.2%
$75,000 to $100,00010.4%
$100,000 to $200,00021.9%
$200,000 or more20.9%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 6.2% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 94116?

HUD's FY2027 Small Area FMRs for ZIP 94116 (San Francisco, CA) are $2,840 efficiency, $3,310 one bedroom, $4,080 two bedrooms, $5,330 three and $6,000 four bedrooms.

What payment standard can a housing authority set in ZIP 94116?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $3,672 to $4,488.

How affordable is rent in ZIP 94116?

Tax returns filed from ZIP 94116 reported an average adjusted gross income of $152,960 (2022). A two-bedroom unit at the Small Area FMR costs $48,960 a year, or 32% of that income.