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San Mateo County/Burlingame/94010

94010

ZIPSAFMR
San Mateo County, CA
Zillow

ZIP Investment Score

30Below average

095130300
BRFMR
Eff. Rent
0 BR$2,700$2,360
1 BR$3,150$3,030
2 BR$3,880$4,270
3 BR$5,070$5,580
4 BR$5,710$6,280
5 BR$6,566Not available
6 BR$7,551Not available
7 BR$8,684Not available
8 BR$9,987Not available

Purchase Price Calculator

Maximum purchase price
$572,604

Cost breakdown

+Likely effective rent$4,270
HUD FMR$3,880
Market rent$4,790
Est. payment standard (110%)Used$4,270
-Principal and interest-$2,895
Loan amount$458,083
Down payment$114,521
Rate6.50%
Term30 years
-Operating costs-$1,175
Property taxes-$573
Insurance-$175
Utilities$0
HOA$0
Management-$427
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$67,640(59.1% ROI)
Projected value
$616,632
Return breakdown
Property appreciation+$44,028
Loan principal paid down+$16,412
Rental cash flow+$7,200
5-year hold
+$116,512(101.7% ROI)
Projected value
$647,849
Return breakdown
Property appreciation+$75,245
Loan principal paid down+$29,267
Rental cash flow+$12,000
10-year hold
+$254,115(221.9% ROI)
Projected value
$732,981
Return breakdown
Property appreciation+$160,377
Loan principal paid down+$69,738
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.14
1 BR
1.04
2 BR
0.81
3 BR
0.74
4 BR
0.53
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 94010 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 94010 (Burlingame, CA) is $3,880 a month. That is up 6.0% from $3,660 in FY 2026. Burlingame 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. Among 35 ZIP codes in San Mateo County, 94010 has the 20th-highest two-bedroom rent (county range $3,250–$5,050). The median county two-bedroom FMR in California is $1,725, so ZIP 94010 is 125% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 94010
BedroomsFY 2027Change90–110% range
Studio$2,700+7.1%$2,430–$2,970
1BR$3,150+4.3%$2,835–$3,465
2BR$3,880+6.0%$3,492–$4,268
3BR$5,070+8.3%$4,563–$5,577
4BR$5,710+17.7%$5,139–$6,281

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 94010
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,700$3,150$3,880$5,070$5,710
FY 2026$2,520$3,020$3,660$4,680$4,850
FY 2025$2,220$2,710$3,240$4,040$4,300
FY 2024$2,440$3,000$3,570$4,370$4,750
FY 2023$2,500$3,080$3,690$4,530$4,960

Two-bedroom rent in nearby San Mateo County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 94010
94002$3,940+1.5%
94005$3,540−8.8%
94010Current$3,880—
94011$3,930+1.3%
94014$3,250−16.2%
94015$3,800−2.1%
94017$3,930+1.3%
94018$3,320−14.4%
94019$3,320−14.4%
94020$4,100+5.7%
94021$3,930+1.3%
94025$4,290+10.6%

Questions about ZIP 94010 rents

How much will Section 8 pay for a two-bedroom in ZIP 94010?

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 $3,880 it would be $3,492 to $4,268. 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 ZIP 94010 in?

ZIP 94010 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 ZIP 94010 for FY 2027?

The two-bedroom FMR rose 6.0%, from $3,660 in FY 2026 to $3,880 in FY 2027. Since FY 2023 it has risen 5.1%.

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

County fair market rentBurlingame, CA fair market rentCA statewide rentsWhat is SAFMR?Data sources