ZIP 94118 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 94118 in the San Francisco, CA FMR area.

$2,390Efficiency
$2,7901 bedroom
$3,4302 bedrooms
$4,4803 bedrooms
$5,0504 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$2,390$2,151$2,629$2,574
1 bedroom$2,790$2,511$3,069$3,003
2 bedrooms$3,430$3,087$3,773$3,697
3 bedrooms$4,480$4,032$4,928$4,832
4 bedrooms$5,050$4,545$5,555$5,439

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

Income in ZIP 94118

$348,031average adjusted gross income per tax return (2022)
$158,405average salaries and wages per return
19,100tax returns filed
12%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00017.2%
$25,000 to $50,00012.1%
$50,000 to $75,00012.2%
$75,000 to $100,00010.2%
$100,000 to $200,00022.7%
$200,000 or more25.6%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 4.6% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 94118?

HUD's FY2027 Small Area FMRs for ZIP 94118 (San Francisco, CA) are $2,390 efficiency, $2,790 one bedroom, $3,430 two bedrooms, $4,480 three and $5,050 four bedrooms.

What payment standard can a housing authority set in ZIP 94118?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $3,087 to $3,773.

How affordable is rent in ZIP 94118?

Tax returns filed from ZIP 94118 reported an average adjusted gross income of $348,031 (2022). A two-bedroom unit at the Small Area FMR costs $41,160 a year, or 12% of that income.