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San Mateo County/Atherton/94027

94027

ZIPSAFMR
San Mateo County, CA
Zillow

ZIP Investment Score

61Below average

095130300
BRFMR
Eff. Rent
0 BR$2,900$2,640
1 BR$3,380$3,340
2 BR$4,160$4,440
3 BR$5,440$5,980
4 BR$6,110$6,720
5 BR$7,026Not available
6 BR$8,080Not available
7 BR$9,293Not available
8 BR$10,686Not available

Purchase Price Calculator

Maximum purchase price
$597,866

Cost breakdown

+Likely effective rent$4,440
HUD FMR$4,160
Market rent$4,590
Est. payment standard (107%)Used$4,440
-Principal and interest-$3,023
Loan amount$478,293
Down payment$119,573
Rate6.50%
Term30 years
-Operating costs-$1,217
Property taxes-$598
Insurance-$175
Utilities$0
HOA$0
Management-$444
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$70,306(58.8% ROI)
Projected value
$643,836
Return breakdown
Property appreciation+$45,970
Loan principal paid down+$17,136
Rental cash flow+$7,200
5-year hold
+$121,123(101.3% ROI)
Projected value
$676,430
Return breakdown
Property appreciation+$78,564
Loan principal paid down+$30,558
Rental cash flow+$12,000
10-year hold
+$264,268(221.0% ROI)
Projected value
$765,319
Return breakdown
Property appreciation+$167,453
Loan principal paid down+$72,815
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.10
1 BR
1.01
2 BR
0.91
3 BR
0.77
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 94027 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 94027 (Atherton, CA) is $4,160 a month. That is up 2.0% from $4,080 in FY 2026. Atherton 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, 94027 has the 8th-highest two-bedroom rent (county range $3,250–$5,050). The median county two-bedroom FMR in California is $1,725, so ZIP 94027 is 141% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 94027
BedroomsFY 2027Change90–110% range
Studio$2,900+3.2%$2,610–$3,190
1BR$3,380+0.3%$3,042–$3,718
2BR$4,160+2.0%$3,744–$4,576
3BR$5,440+4.2%$4,896–$5,984
4BR$6,110+13.1%$5,499–$6,721

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 94027
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,900$3,380$4,160$5,440$6,110
FY 2026$2,810$3,370$4,080$5,220$5,400
FY 2025$2,490$3,050$3,640$4,540$4,830
FY 2024$2,540$3,120$3,710$4,540$4,950
FY 2023$2,420$2,990$3,660$4,780$5,110

Two-bedroom rent in nearby San Mateo County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 94027
94017$3,930−5.5%
94018$3,320−20.2%
94019$3,320−20.2%
94020$4,100−1.4%
94021$3,930−5.5%
94025$4,290+3.1%
94026$3,930−5.5%
94027Current$4,160—
94028$3,790−8.9%
94030$4,460+7.2%
94037$4,170+0.2%
94038$3,320−20.2%

Questions about ZIP 94027 rents

How much will Section 8 pay for a two-bedroom in ZIP 94027?

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 $4,160 it would be $3,744 to $4,576. 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 94027 in?

ZIP 94027 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 94027 for FY 2027?

The two-bedroom FMR rose 2.0%, from $4,080 in FY 2026 to $4,160 in FY 2027. Since FY 2023 it has risen 13.7%.

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