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San Mateo County/Redwood City/94065

94065

ZIPSAFMR
San Mateo County, CA
Zillow

ZIP Investment Score

48Below average

095130300
BRFMR
Eff. Rent
0 BR$3,040$2,930
1 BR$3,550$3,400
2 BR$4,370$4,090
3 BR$5,710$5,440
4 BR$6,430$6,740
5 BR$7,394Not available
6 BR$8,504Not available
7 BR$9,779Not available
8 BR$11,246Not available

Purchase Price Calculator

Maximum purchase price
$545,856

Cost breakdown

+Likely effective rent$4,090
HUD FMR$4,370
Market rentUsed$4,090
Est. payment standard (96%)$4,190
-Principal and interest-$2,760
Loan amount$436,685
Down payment$109,171
Rate6.50%
Term30 years
-Operating costs-$1,130
Property taxes-$546
Insurance-$175
Utilities$0
HOA$0
Management-$409
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$64,817(59.4% ROI)
Projected value
$587,827
Return breakdown
Property appreciation+$41,971
Loan principal paid down+$15,645
Rental cash flow+$7,200
5-year hold
+$111,630(102.3% ROI)
Projected value
$617,586
Return breakdown
Property appreciation+$71,730
Loan principal paid down+$27,900
Rental cash flow+$12,000
10-year hold
+$243,366(222.9% ROI)
Projected value
$698,742
Return breakdown
Property appreciation+$152,886
Loan principal paid down+$66,480
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.04
1 BR
1.04
2 BR
1.07
3 BR
1.05
4 BR
0.93
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 94065 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 94065 (Redwood City, CA) is $4,370 a month. That is down 0.2% from $4,380 in FY 2026. Redwood City 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, 94065 has the 4th-highest two-bedroom rent (county range $3,250–$5,050). The median county two-bedroom FMR in California is $1,725, so ZIP 94065 is 153% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 94065
BedroomsFY 2027Change90–110% range
Studio$3,040+0.7%$2,736–$3,344
1BR$3,550−1.9%$3,195–$3,905
2BR$4,370−0.2%$3,933–$4,807
3BR$5,710+2.0%$5,139–$6,281
4BR$6,430+10.9%$5,787–$7,073

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 94065
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$3,040$3,550$4,370$5,710$6,430
FY 2026$3,020$3,620$4,380$5,600$5,800
FY 2025$3,100$3,810$4,540$5,560$6,040
FY 2024$3,440$4,230$5,040$6,170$6,710
FY 2023$3,230$4,000$4,780$5,870$6,420

Two-bedroom rent in nearby San Mateo County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 94065
94044$4,170−4.6%
94060$3,930−10.1%
94061$3,810−12.8%
94062$3,870−11.4%
94063$3,850−11.9%
94064$3,930−10.1%
94065Current$4,370—
94066$3,580−18.1%
94070$3,840−12.1%
94074$3,600−17.6%
94080$3,640−16.7%
94083$3,930−10.1%

Questions about ZIP 94065 rents

How much will Section 8 pay for a two-bedroom in ZIP 94065?

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 $4,370 it would be $3,933 to $4,807. 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 94065 in?

ZIP 94065 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 94065 for FY 2027?

The two-bedroom FMR fell 0.2%, from $4,380 in FY 2026 to $4,370 in FY 2027. Since FY 2023 it has fallen 8.6%.

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