ZIP 94404 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 94404 in the San Francisco, CA FMR area.

$3,520Efficiency
$4,1001 bedroom
$5,0502 bedrooms
$6,6003 bedrooms
$7,4304 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$3,520$3,168$3,872$2,574
1 bedroom$4,100$3,690$4,510$3,003
2 bedrooms$5,050$4,545$5,555$3,697
3 bedrooms$6,600$5,940$7,260$4,832
4 bedrooms$7,430$6,687$8,173$5,439

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

Income in ZIP 94404

$224,176average adjusted gross income per tax return (2022)
$172,132average salaries and wages per return
17,540tax returns filed
27%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00014.3%
$25,000 to $50,0008.9%
$50,000 to $75,0008.2%
$75,000 to $100,0008.2%
$100,000 to $200,00024.6%
$200,000 or more35.9%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 3.1% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 94404?

HUD's FY2027 Small Area FMRs for ZIP 94404 (San Francisco, CA) are $3,520 efficiency, $4,100 one bedroom, $5,050 two bedrooms, $6,600 three and $7,430 four bedrooms.

What payment standard can a housing authority set in ZIP 94404?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $4,545 to $5,555.

How affordable is rent in ZIP 94404?

Tax returns filed from ZIP 94404 reported an average adjusted gross income of $224,176 (2022). A two-bedroom unit at the Small Area FMR costs $60,600 a year, or 27% of that income.