FMR is near market; voucher and private rents are aligned.
0.95
1 BR
1 BR- 94028
0.86ratio
FMR$3,120
Market$3,610
vs market-$490
FMR is below market; voucher rent may lag private rents.
0.86
2 BR
2 BR- 94028
0.75ratio
FMR$3,790
Market$5,070
vs market-$1,280
FMR is below market; voucher rent may lag private rents.
0.75
3 BR
3 BR- 94028
0.73ratio
FMR$5,000
Market$6,890
vs market-$1,890
FMR is below market; voucher rent may lag private rents.
0.73
4 BR
4 BR- 94028
0.51ratio
FMR$5,540
Market$10,870
vs market-$5,330
FMR is below market; voucher rent may lag private rents.
0.51
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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Portola Valley, CA fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Portola Valley, CA is $3,790 a month. That is down 0.8% from $3,820 in FY 2026. Portola Valley is in the San Francisco, CA HUD Metro FMR Area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $3,697. The median county two-bedroom FMR in California is $1,725, so Portola Valley is 120% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Portola Valley, CA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$2,710
$2,700
−0.4%
$2,430–$2,970
1BR
$3,190
$3,120
−2.2%
$2,808–$3,432
2BR
$3,820
$3,790
−0.8%
$3,411–$4,169
3BR
$4,940
$5,000
+1.2%
$4,500–$5,500
4BR
$5,190
$5,540
+6.7%
$4,986–$6,094
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Portola Valley, CA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,700
$3,120
$3,790
$5,000
$5,540
FY 2026
$2,710
$3,190
$3,820
$4,940
$5,190
FY 2025
$2,550
$3,050
$3,600
$4,550
$4,880
FY 2024
$2,550
$3,030
$3,570
$4,450
$4,870
FY 2023
$2,390
$2,850
$3,380
$4,210
$4,660
Questions about Portola Valley, CA rents
How much will Section 8 pay for a two-bedroom in Portola Valley, CA?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $3,697, which applies unless the housing authority uses Small Area FMRs, that basic range is $3,327 to $4,067 a month; under the ZIP-level Small Area FMR of $3,790 it would be $3,411 to $4,169. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.
Which HUD fair market rent area is Portola Valley, CA in?
Portola Valley, CA is in the San Francisco, CA HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $3,697.
How much did fair market rent change in Portola Valley, CA for FY 2027?
The two-bedroom FMR fell 0.8%, from $3,820 in FY 2026 to $3,790 in FY 2027. Since FY 2023 it has risen 12.1%.
When do FY 2027 fair market rents take effect?
HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.
Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set