94104
ZIPSAFMR
San Francisco County, CA
BRFMR
Eff. Rent
0 BR$2,620$1,430
1 BR$3,140$3,140
2 BR$3,800$3,800
3 BR$4,850$4,850
4 BR$5,030$3,440
5 BR$5,785
6 BR$6,652
7 BR$7,650
8 BR$8,798

Market Alignment

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

Studio
Studio
1.83ratio
FMR$2,620
Market$1,430
vs market+$1,190

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

1.83
1 BR
1 BR
0.93ratio
FMR$3,140
Market$3,390
vs market-$250

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

0.93
2 BR
2 BR
0.63ratio
FMR$3,800
Market$6,040
vs market-$2,240

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

0.63
3 BR
3 BR
0.77ratio
FMR$4,850
Market$6,270
vs market-$1,420

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

0.77
4 BR
4 BR
1.46ratio
FMR$5,030
Market$3,440
vs market+$1,590

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

1.46
0.700.800.901.001.101.201.30aligned range

Voucher alignment varies significantly by bedroom size in this area.

Bedroom curve

Historical
See FMR progression in recent years

Data indexed

FMR
FY2026
Market rent
last ~365 days

Purchase Price Calculator

Maximum purchase price
$502,762
Rent
$3,800
Down payment
$100,552
Loan
$402,210
Mortgage
$2,542
Expenses
$1,058
Market inputs
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 94104 (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.