94018
ZIPSAFMR
San Mateo County, CA
BRFMR
Eff. Rent
0 BR$2,250$2,480
1 BR$2,700$2,970
2 BR$3,270$3,600
3 BR$4,180$4,600
4 BR$4,330$4,710
5 BR$4,980
6 BR$5,726
7 BR$6,585
8 BR$7,573

Purchase Price Calculator

Maximum purchase price
$473,042

Cost breakdown

+Likely effective rent$3,600
HUD FMR$3,270
Market rent$4,110
Est. payment standard (110%)Used$3,600
Estimated payment standard is $3,600 (110% of FMR).
-Principal and interest-$2,392
Loan amount$378,434
Down payment$94,608
Rate6.50%
Term30 years
-Operating costs-$1,008
Property taxes-$473
Insurance-$175
Utilities$0
HOA$0
Management-$360
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$57,131(60.4% ROI)
Projected value
$509,415
Current value$473,042
Return breakdown
Property appreciation+$36,372
Loan principal paid down+$13,558
Rental cash flow+$7,200
5-year hold
+$98,340(103.9% ROI)
Projected value
$535,204
Current value$473,042
Return breakdown
Property appreciation+$62,162
Loan principal paid down+$24,178
Rental cash flow+$12,000
10-year hold
+$214,104(226.3% ROI)
Projected value
$605,534
Current value$473,042
Return breakdown
Property appreciation+$132,492
Loan principal paid down+$57,612
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
0.61ratio
FMR$2,250
Market$3,660
vs market-$1,410

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

90% standard$2,025 / 0.55 ratio110% standard$2,475 / 0.68 ratio
0.61
1 BR
1 BR
0.79ratio
FMR$2,700
Market$3,410
vs market-$710

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

90% standard$2,430 / 0.71 ratio110% standard$2,970 / 0.87 ratio
0.79
2 BR
2 BR
0.80ratio
FMR$3,270
Market$4,110
vs market-$840

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

90% standard$2,943 / 0.72 ratio110% standard$3,597 / 0.88 ratio
0.80
3 BR
3 BR
0.86ratio
FMR$4,180
Market$4,860
vs market-$680

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

90% standard$3,762 / 0.77 ratio110% standard$4,598 / 0.95 ratio
0.86
4 BR
4 BR
0.88ratio
FMR$4,330
Market$4,910
vs market-$580

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

90% standard$3,897 / 0.79 ratio110% standard$4,763 / 0.97 ratio
0.88
0.700.800.901.001.101.201.30aligned range

Voucher rents are below market for all bedroom 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 94018 (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.

94018 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 94018 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $3,270 and the 4 bedroom fair market rent is $4,330.

Use this page for searches like 94018 FMR, 94018 fair market rent, and 94018 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 94018
Bedroom sizeHUD FMR
Studio$2,250
1 bedroom$2,700
2 bedroom$3,270
3 bedroom$4,180
4 bedroom$4,330