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San Mateo County/Millbrae/94030

94030

ZIPSAFMR
San Mateo County, CA
Zillow

ZIP Investment Score

44Below average

095130300
BRFMR
Eff. Rent
0 BR$3,110$2,240
1 BR$3,620$2,670
2 BR$4,460$3,970
3 BR$5,830$5,370
4 BR$6,560$6,720
5 BR$7,544Not available
6 BR$8,676Not available
7 BR$9,977Not available
8 BR$11,473Not available

Purchase Price Calculator

Maximum purchase price
$528,024

Cost breakdown

+Likely effective rent$3,970
HUD FMR$4,460
Market rentUsed$3,970
Est. payment standard (93%)$4,140
-Principal and interest-$2,670
Loan amount$422,419
Down payment$105,605
Rate6.50%
Term30 years
-Operating costs-$1,100
Property taxes-$528
Insurance-$175
Utilities$0
HOA$0
Management-$397
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$62,934(59.6% ROI)
Projected value
$568,624
Return breakdown
Property appreciation+$40,600
Loan principal paid down+$15,134
Rental cash flow+$7,200
5-year hold
+$108,375(102.6% ROI)
Projected value
$597,411
Return breakdown
Property appreciation+$69,387
Loan principal paid down+$26,988
Rental cash flow+$12,000
10-year hold
+$236,200(223.7% ROI)
Projected value
$675,915
Return breakdown
Property appreciation+$147,891
Loan principal paid down+$64,309
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.39
1 BR
1.36
2 BR
1.12
3 BR
1.09
4 BR
0.96
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 94030 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 94030 (Millbrae, CA) is $4,460 a month. That is up 1.8% from $4,380 in FY 2026. Millbrae 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, 94030 has the 3rd-highest two-bedroom rent (county range $3,250–$5,050). The median county two-bedroom FMR in California is $1,725, so ZIP 94030 is 159% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 94030
BedroomsFY 2027Change90–110% range
Studio$3,110+3.0%$2,799–$3,421
1BR$3,6200.0%$3,258–$3,982
2BR$4,460+1.8%$4,014–$4,906
3BR$5,830+4.3%$5,247–$6,413
4BR$6,560+13.1%$5,904–$7,216

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 94030
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$3,110$3,620$4,460$5,830$6,560
FY 2026$3,020$3,620$4,380$5,590$5,800
FY 2025$2,790$3,410$4,070$5,080$5,400
FY 2024$2,750$3,380$4,030$4,930$5,370
FY 2023$2,550$3,150$3,770$4,630$5,060

Two-bedroom rent in nearby San Mateo County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 94030
94017$3,930−11.9%
94018$3,320−25.6%
94019$3,320−25.6%
94020$4,100−8.1%
94021$3,930−11.9%
94025$4,290−3.8%
94026$3,930−11.9%
94027$4,160−6.7%
94028$3,790−15.0%
94030Current$4,460—
94037$4,170−6.5%
94038$3,320−25.6%

Questions about ZIP 94030 rents

How much will Section 8 pay for a two-bedroom in ZIP 94030?

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 $4,460 it would be $4,014 to $4,906. 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 94030 in?

ZIP 94030 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 94030 for FY 2027?

The two-bedroom FMR rose 1.8%, from $4,380 in FY 2026 to $4,460 in FY 2027. Since FY 2023 it has risen 18.3%.

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