94015
ZIPSAFMR
San Mateo County, CA
BRFMR
Eff. Rent
0 BR$2,590$1,730
1 BR$3,100$1,750
2 BR$3,750$3,750
3 BR$4,790$4,640
4 BR$4,970$5,270
5 BR$5,716
6 BR$6,573
7 BR$7,559
8 BR$8,693

Purchase Price Calculator

Maximum purchase price
$495,332

Cost breakdown

+Likely effective rent$3,750
HUD FMR$3,750
Market rent$3,750
Est. payment standard (100%)Used$3,750
Estimated payment standard is $3,750 (100% of FMR).
-Principal and interest-$2,505
Loan amount$396,266
Down payment$99,066
Rate6.50%
Term30 years
-Operating costs-$1,045
Property taxes-$495
Insurance-$175
Utilities$0
HOA$0
Management-$375
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$59,484(60.0% ROI)
Projected value
$533,418
Current value$495,332
Return breakdown
Property appreciation+$38,086
Loan principal paid down+$14,197
Rental cash flow+$7,200
5-year hold
+$102,408(103.4% ROI)
Projected value
$560,423
Current value$495,332
Return breakdown
Property appreciation+$65,091
Loan principal paid down+$25,317
Rental cash flow+$12,000
10-year hold
+$223,062(225.2% ROI)
Projected value
$634,067
Current value$495,332
Return breakdown
Property appreciation+$138,735
Loan principal paid down+$60,327
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
1.50ratio
FMR$2,590
Market$1,730
vs market+$860

FMR is above market; underwrite to market rent.

90% standard$2,331 / 1.35 ratio110% standard$2,849 / 1.65 ratio
1.50
1 BR
1 BR
1.77ratio
FMR$3,100
Market$1,750
vs market+$1,350

FMR is above market; underwrite to market rent.

1.77
2 BR
2 BR
1.00ratio
FMR$3,750
Market$3,750
vs market+$0

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

90% standard$3,375 / 0.90 ratio110% standard$4,125 / 1.10 ratio
1.00
3 BR
3 BR
1.03ratio
FMR$4,790
Market$4,640
vs market+$150

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

90% standard$4,311 / 0.93 ratio110% standard$5,269 / 1.14 ratio
1.03
4 BR
4 BR
0.92ratio
FMR$4,970
Market$5,430
vs market-$460

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

90% standard$4,473 / 0.82 ratio110% standard$5,467 / 1.01 ratio
0.92
0.700.800.901.001.101.201.30aligned range

HUD benchmarks exceed market rents for larger 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 94015 (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.

94015 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 94015 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $3,750 and the 4 bedroom fair market rent is $4,970.

Use this page for searches like 94015 FMR, 94015 fair market rent, and 94015 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 94015
Bedroom sizeHUD FMR
Studio$2,590
1 bedroom$3,100
2 bedroom$3,750
3 bedroom$4,790
4 bedroom$4,970