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San Mateo County/La Honda/94020

94020

ZIPSAFMR
San Mateo County, CA
Zillow

ZIP Investment Score

54Below average

095130300
BRFMR
Eff. Rent
0 BR$2,980$2,980
1 BR$3,320$3,320
2 BR$4,100$4,100
3 BR$5,370$5,370
4 BR$5,830$5,830
5 BR$6,704Not available
6 BR$7,710Not available
7 BR$8,867Not available
8 BR$10,197Not available

Purchase Price Calculator

Maximum purchase price
$547,342

Cost breakdown

+Likely effective rent$4,100
HUD FMRUsed$4,100
Market rentN/A
Est. payment standardN/A
-Principal and interest-$2,768
Loan amount$437,873
Down payment$109,468
Rate6.50%
Term30 years
-Operating costs-$1,132
Property taxes-$547
Insurance-$175
Utilities$0
HOA$0
Management-$410
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$64,973(59.4% ROI)
Projected value
$589,427
Return breakdown
Property appreciation+$42,085
Loan principal paid down+$15,688
Rental cash flow+$7,200
5-year hold
+$111,901(102.2% ROI)
Projected value
$619,267
Return breakdown
Property appreciation+$71,925
Loan principal paid down+$27,976
Rental cash flow+$12,000
10-year hold
+$243,963(222.9% ROI)
Projected value
$700,644
Return breakdown
Property appreciation+$153,302
Loan principal paid down+$66,661
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
--
Tax rate
--
Mortgage rate
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ZIP 94020 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 94020 (La Honda, CA) is $4,100 a month. That is up 1.7% from $4,030 in FY 2026. La Honda 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, 94020 has the 9th-highest two-bedroom rent (county range $3,250–$5,050). The median county two-bedroom FMR in California is $1,725, so ZIP 94020 is 138% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 94020
BedroomsFY 2027Change90–110% range
Studio$2,980+2.4%$2,682–$3,278
1BR$3,320+1.2%$2,988–$3,652
2BR$4,100+1.7%$3,690–$4,510
3BR$5,370+3.9%$4,833–$5,907
4BR$5,830+7.4%$5,247–$6,413

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 94020
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,980$3,320$4,100$5,370$5,830
FY 2026$2,910$3,280$4,030$5,170$5,430
FY 2025$2,700$3,090$3,800$4,770$5,100
FY 2024$2,620$2,990$3,730$4,610$5,060
FY 2023$1,980$2,380$2,910$3,710$4,040

Two-bedroom rent in nearby San Mateo County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 94020
94011$3,930−4.1%
94014$3,250−20.7%
94015$3,800−7.3%
94017$3,930−4.1%
94018$3,320−19.0%
94019$3,320−19.0%
94020Current$4,100—
94021$3,930−4.1%
94025$4,290+4.6%
94026$3,930−4.1%
94027$4,160+1.5%
94028$3,790−7.6%

Questions about ZIP 94020 rents

How much will Section 8 pay for a two-bedroom in ZIP 94020?

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 $4,100 it would be $3,690 to $4,510. 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 94020 in?

ZIP 94020 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 94020 for FY 2027?

The two-bedroom FMR rose 1.7%, from $4,030 in FY 2026 to $4,100 in FY 2027. Since FY 2023 it has risen 40.9%.

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 rentLa Honda, CA fair market rentCA statewide rentsWhat is SAFMR?Data sources