94005
ZIPSAFMR
San Mateo County, CA
BRFMR
Eff. Rent
0 BR$2,390$2,310
1 BR$2,870$2,640
2 BR$3,470$3,530
3 BR$4,430$4,600
4 BR$4,590$5,050
5 BR$5,279
6 BR$6,070
7 BR$6,981
8 BR$8,028

Purchase Price Calculator

Maximum purchase price
$462,640

Cost breakdown

+Likely effective rent$3,530
HUD FMR$3,470
Market rent$3,560
Est. payment standard (102%)Used$3,530
Estimated payment standard is $3,530 (102% of FMR).
-Principal and interest-$2,339
Loan amount$370,112
Down payment$92,528
Rate6.50%
Term30 years
-Operating costs-$991
Property taxes-$463
Insurance-$175
Utilities$0
HOA$0
Management-$353
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$56,033(60.6% ROI)
Projected value
$498,213
Current value$462,640
Return breakdown
Property appreciation+$35,573
Loan principal paid down+$13,260
Rental cash flow+$7,200
5-year hold
+$96,441(104.2% ROI)
Projected value
$523,435
Current value$462,640
Return breakdown
Property appreciation+$60,795
Loan principal paid down+$23,647
Rental cash flow+$12,000
10-year hold
+$209,924(226.9% ROI)
Projected value
$592,218
Current value$462,640
Return breakdown
Property appreciation+$129,578
Loan principal paid down+$56,345
Rental cash flow+$24,000

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Market Alignment

FMR / market rent by bedroom; grey wings show the 90-110% payment-standard spread.

Studio
Studio
1.03ratio
FMR$2,390
Market$2,310
vs market+$80

FMR is near market; voucher and private rents are aligned.

90% standard$2,151 / 0.93 ratio110% standard$2,629 / 1.14 ratio
1.03
1 BR
1 BR
1.09ratio
FMR$2,870
Market$2,640
vs market+$230

FMR is near market; voucher and private rents are aligned.

90% standard$2,583 / 0.98 ratio110% standard$3,157 / 1.20 ratio
1.09
2 BR
2 BR
0.97ratio
FMR$3,470
Market$3,560
vs market-$90

FMR is near market; voucher and private rents are aligned.

90% standard$3,123 / 0.88 ratio110% standard$3,817 / 1.07 ratio
0.97
3 BR
3 BR
0.94ratio
FMR$4,430
Market$4,690
vs market-$260

FMR is near market; voucher and private rents are aligned.

90% standard$3,987 / 0.85 ratio110% standard$4,873 / 1.04 ratio
0.94
4 BR
4 BR
0.87ratio
FMR$4,590
Market$5,300
vs market-$710

FMR is below market; voucher rent may lag private rents.

90% standard$4,131 / 0.78 ratio110% standard$5,049 / 0.95 ratio
0.87
0.700.800.901.001.101.201.30aligned range

Voucher rents are below market for smaller unit sizes.

Historical
FY 2022-2026

Data freshness

FMR
FY2026
Market rent
last ~365 days
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 94005 (CA) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled SAFMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.

94005 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 94005 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $3,470 and the 4 bedroom fair market rent is $4,590.

Use this page for searches like 94005 FMR, 94005 fair market rent, and 94005 Section 8 payment standards. Local housing authorities can set payment standards above or below published HUD FMR, so confirm program rules before underwriting a property.

FY 2026 Fair Market Rent by bedroom size for 94005
Bedroom sizeHUD FMR
Studio$2,390
1 bedroom$2,870
2 bedroom$3,470
3 bedroom$4,430
4 bedroom$4,590