ZIP 94947 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 94947 in the San Francisco, CA FMR area.

$2,370Efficiency
$2,7601 bedroom
$3,4002 bedrooms
$4,4403 bedrooms
$5,0004 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$2,370$2,133$2,607$2,574
1 bedroom$2,760$2,484$3,036$3,003
2 bedrooms$3,400$3,060$3,740$3,697
3 bedrooms$4,440$3,996$4,884$4,832
4 bedrooms$5,000$4,500$5,500$5,439

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

Income in ZIP 94947

$138,874average adjusted gross income per tax return (2022)
$82,313average salaries and wages per return
12,020tax returns filed
29%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00019.6%
$25,000 to $50,00015.9%
$50,000 to $75,00013.4%
$75,000 to $100,00010.3%
$100,000 to $200,00022.3%
$200,000 or more18.6%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 6.2% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 94947?

HUD's FY2027 Small Area FMRs for ZIP 94947 (San Francisco, CA) are $2,370 efficiency, $2,760 one bedroom, $3,400 two bedrooms, $4,440 three and $5,000 four bedrooms.

What payment standard can a housing authority set in ZIP 94947?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $3,060 to $3,740.

How affordable is rent in ZIP 94947?

Tax returns filed from ZIP 94947 reported an average adjusted gross income of $138,874 (2022). A two-bedroom unit at the Small Area FMR costs $40,800 a year, or 29% of that income.