ZIP 94937 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 94937 in the San Francisco, CA FMR area.

$2,500Efficiency
$2,9201 bedroom
$3,5902 bedrooms
$4,6903 bedrooms
$5,2804 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$2,500$2,250$2,750$2,574
1 bedroom$2,920$2,628$3,212$3,003
2 bedrooms$3,590$3,231$3,949$3,697
3 bedrooms$4,690$4,221$5,159$4,832
4 bedrooms$5,280$4,752$5,808$5,439

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

Income in ZIP 94937

$139,580average adjusted gross income per tax return (2022)
$43,967average salaries and wages per return
540tax returns filed
31%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00025.9%
$25,000 to $50,00014.8%
$50,000 to $75,00014.8%
$75,000 to $100,0007.4%
$100,000 to $200,00020.4%
$200,000 or more16.7%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 7.4% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 94937?

HUD's FY2027 Small Area FMRs for ZIP 94937 (San Francisco, CA) are $2,500 efficiency, $2,920 one bedroom, $3,590 two bedrooms, $4,690 three and $5,280 four bedrooms.

What payment standard can a housing authority set in ZIP 94937?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $3,231 to $3,949.

How affordable is rent in ZIP 94937?

Tax returns filed from ZIP 94937 reported an average adjusted gross income of $139,580 (2022). A two-bedroom unit at the Small Area FMR costs $43,080 a year, or 31% of that income.