ZIP 94903 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 94903 in the San Francisco, CA FMR area.

$3,030Efficiency
$3,5301 bedroom
$4,3502 bedrooms
$5,6903 bedrooms
$6,4004 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$3,030$2,727$3,333$2,574
1 bedroom$3,530$3,177$3,883$3,003
2 bedrooms$4,350$3,915$4,785$3,697
3 bedrooms$5,690$5,121$6,259$4,832
4 bedrooms$6,400$5,760$7,040$5,439

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

Income in ZIP 94903

$172,985average adjusted gross income per tax return (2022)
$98,247average salaries and wages per return
14,620tax returns filed
30%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00019.4%
$25,000 to $50,00013.7%
$50,000 to $75,00011.5%
$75,000 to $100,0008.9%
$100,000 to $200,00022.1%
$200,000 or more24.4%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 4.9% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 94903?

HUD's FY2027 Small Area FMRs for ZIP 94903 (San Francisco, CA) are $3,030 efficiency, $3,530 one bedroom, $4,350 two bedrooms, $5,690 three and $6,400 four bedrooms.

What payment standard can a housing authority set in ZIP 94903?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $3,915 to $4,785.

How affordable is rent in ZIP 94903?

Tax returns filed from ZIP 94903 reported an average adjusted gross income of $172,985 (2022). A two-bedroom unit at the Small Area FMR costs $52,200 a year, or 30% of that income.