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San Mateo County/Menlo Park/94025

94025

ZIPSAFMR
San Mateo County, CA
Zillow

ZIP Investment Score

28Below average

095130300
BRFMR
Eff. Rent
0 BR$2,990$2,990
1 BR$3,490$3,420
2 BR$4,290$4,720
3 BR$5,610$6,170
4 BR$6,310$6,940
5 BR$7,256Not available
6 BR$8,345Not available
7 BR$9,597Not available
8 BR$11,036Not available

Purchase Price Calculator

Maximum purchase price
$639,474

Cost breakdown

+Likely effective rent$4,720
HUD FMR$4,290
Market rent$5,030
Est. payment standard (110%)Used$4,720
-Principal and interest-$3,234
Loan amount$511,579
Down payment$127,895
Rate6.50%
Term30 years
-Operating costs-$1,286
Property taxes-$639
Insurance-$175
Utilities$0
HOA$0
Management-$472
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$74,698(58.4% ROI)
Projected value
$688,643
Return breakdown
Property appreciation+$49,170
Loan principal paid down+$18,329
Rental cash flow+$7,200
5-year hold
+$128,717(100.6% ROI)
Projected value
$723,506
Return breakdown
Property appreciation+$84,032
Loan principal paid down+$32,685
Rental cash flow+$12,000
10-year hold
+$280,989(219.7% ROI)
Projected value
$818,580
Return breakdown
Property appreciation+$179,107
Loan principal paid down+$77,882
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

1 BR
1.02
2 BR
0.85
3 BR
0.76
4 BR
0.56
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 94025 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 94025 (Menlo Park, CA) is $4,290 a month. That is up 1.9% from $4,210 in FY 2026. Menlo Park 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, 94025 has the 5th-highest two-bedroom rent (county range $3,250–$5,050). The median county two-bedroom FMR in California is $1,725, so ZIP 94025 is 149% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 94025
BedroomsFY 2027Change90–110% range
Studio$2,990+3.1%$2,691–$3,289
1BR$3,490+0.3%$3,141–$3,839
2BR$4,290+1.9%$3,861–$4,719
3BR$5,610+4.3%$5,049–$6,171
4BR$6,310+13.3%$5,679–$6,941

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 94025
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,990$3,490$4,290$5,610$6,310
FY 2026$2,900$3,480$4,210$5,380$5,570
FY 2025$2,560$3,130$3,740$4,660$4,960
FY 2024$2,630$3,230$3,850$4,710$5,130
FY 2023$2,520$3,120$3,730$4,580$5,010

Two-bedroom rent in nearby San Mateo County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 94025
94014$3,250−24.2%
94015$3,800−11.4%
94017$3,930−8.4%
94018$3,320−22.6%
94019$3,320−22.6%
94020$4,100−4.4%
94021$3,930−8.4%
94025Current$4,290—
94026$3,930−8.4%
94027$4,160−3.0%
94028$3,790−11.7%
94030$4,460+4.0%

Questions about ZIP 94025 rents

How much will Section 8 pay for a two-bedroom in ZIP 94025?

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 $4,290 it would be $3,861 to $4,719. 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 94025 in?

ZIP 94025 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 94025 for FY 2027?

The two-bedroom FMR rose 1.9%, from $4,210 in FY 2026 to $4,290 in FY 2027. Since FY 2023 it has risen 15.0%.

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 rentMenlo Park, CA fair market rentCA statewide rentsWhat is SAFMR?Data sources