94028
ZIPSAFMR
San Mateo County, CA
BRFMR
Eff. Rent
0 BR$2,710$2,710
1 BR$3,190$3,190
2 BR$3,820$3,820
3 BR$4,940$4,940
4 BR$5,190$5,190
5 BR$5,968
6 BR$6,864
7 BR$7,893
8 BR$9,077

Market Alignment

How HUD fair market rents align with the state of the rental market.

Studio
Studio
0.95ratio
FMR$2,710
Market$2,840
vs market-$130

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

0.95
1 BR
1 BR
0.88ratio
FMR$3,190
Market$3,610
vs market-$420

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

0.88
2 BR
2 BR
0.75ratio
FMR$3,820
Market$5,070
vs market-$1,250

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

0.75
3 BR
3 BR
0.72ratio
FMR$4,940
Market$6,890
vs market-$1,950

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

0.72
4 BR
4 BR
0.48ratio
FMR$5,190
Market$10,870
vs market-$5,680

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

0.48
0.700.800.901.001.101.201.30aligned range

Voucher rents are below market for smaller unit sizes.

Bedroom curve

Historical
See FMR progression in recent years

Data indexed

FMR
FY2026
Market rent
last ~365 days

Purchase Price Calculator

Maximum purchase price
$505,734
Rent
$3,820
Down payment
$101,147
Loan
$404,587
Mortgage
$2,557
Expenses
$1,063
Market inputs
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 94028 (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.