ZIP 94904 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 94904 in the San Francisco, CA FMR area.

$2,370Efficiency
$2,7701 bedroom
$3,4102 bedrooms
$4,4603 bedrooms
$5,0204 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$2,370$2,133$2,607$2,574
1 bedroom$2,770$2,493$3,047$3,003
2 bedrooms$3,410$3,069$3,751$3,697
3 bedrooms$4,460$4,014$4,906$4,832
4 bedrooms$5,020$4,518$5,522$5,439

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

Income in ZIP 94904

$427,182average adjusted gross income per tax return (2022)
$187,500average salaries and wages per return
6,040tax returns filed
10%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00015.7%
$25,000 to $50,00010.3%
$50,000 to $75,0009.6%
$75,000 to $100,0008.4%
$100,000 to $200,00017.9%
$200,000 or more38.1%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 3.5% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 94904?

HUD's FY2027 Small Area FMRs for ZIP 94904 (San Francisco, CA) are $2,370 efficiency, $2,770 one bedroom, $3,410 two bedrooms, $4,460 three and $5,020 four bedrooms.

What payment standard can a housing authority set in ZIP 94904?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $3,069 to $3,751.

How affordable is rent in ZIP 94904?

Tax returns filed from ZIP 94904 reported an average adjusted gross income of $427,182 (2022). A two-bedroom unit at the Small Area FMR costs $40,920 a year, or 10% of that income.