94123
ZIPSAFMR
San Francisco County, CA
BRFMR
Eff. Rent
0 BR$3,160$2,780
1 BR$3,780$3,860
2 BR$4,580$5,040
3 BR$5,850$6,400
4 BR$6,060$6,670
5 BR$6,969
6 BR$8,014
7 BR$9,217
8 BR$10,599

Purchase Price Calculator

Maximum purchase price
$687,025

Cost breakdown

+Likely effective rent$5,040
HUD FMR$4,580
Market rent$5,660
Est. payment standard (110%)Used$5,040
Estimated payment standard is $5,040 (110% of FMR).
-Principal and interest-$3,474
Loan amount$549,620
Down payment$137,405
Rate6.50%
Term30 years
-Operating costs-$1,366
Property taxes-$687
Insurance-$175
Utilities$0
HOA$0
Management-$504
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$79,717(58.0% ROI)
Projected value
$739,851
Current value$687,025
Return breakdown
Property appreciation+$52,826
Loan principal paid down+$19,692
Rental cash flow+$7,200
5-year hold
+$137,396(100.0% ROI)
Projected value
$777,306
Current value$687,025
Return breakdown
Property appreciation+$90,281
Loan principal paid down+$35,115
Rental cash flow+$12,000
10-year hold
+$300,099(218.4% ROI)
Projected value
$879,451
Current value$687,025
Return breakdown
Property appreciation+$192,425
Loan principal paid down+$83,674
Rental cash flow+$24,000

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Market Alignment

FMR / market rent by bedroom; grey wings show the 90-110% payment-standard spread.

Studio
Studio
1.14ratio
FMR$3,160
Market$2,780
vs market+$380

FMR is above market; underwrite to market rent.

90% standard$2,844 / 1.02 ratio110% standard$3,476 / 1.25 ratio
1.14
1 BR
1 BR
0.97ratio
FMR$3,780
Market$3,910
vs market-$130

FMR is near market; voucher and private rents are aligned.

90% standard$3,402 / 0.87 ratio110% standard$4,158 / 1.06 ratio
0.97
2 BR
2 BR
0.81ratio
FMR$4,580
Market$5,660
vs market-$1,080

FMR is below market; voucher rent may lag private rents.

90% standard$4,122 / 0.73 ratio110% standard$5,038 / 0.89 ratio
0.81
3 BR
3 BR
0.87ratio
FMR$5,850
Market$6,700
vs market-$850

FMR is below market; voucher rent may lag private rents.

90% standard$5,265 / 0.79 ratio110% standard$6,435 / 0.96 ratio
0.87
4 BR
4 BR
0.60ratio
FMR$6,060
Market$10,120
vs market-$4,060

FMR is below market; voucher rent may lag private rents.

90% standard$5,454 / 0.54 ratio110% standard$6,666 / 0.66 ratio
0.60
0.700.800.901.001.101.201.30aligned range

Voucher alignment varies significantly by bedroom size in this area.

Historical
FY 2022-2026

Data freshness

FMR
FY2026
Market rent
last ~365 days
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 94123 (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.

94123 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 94123 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $4,580 and the 4 bedroom fair market rent is $6,060.

Use this page for searches like 94123 FMR, 94123 fair market rent, and 94123 Section 8 payment standards. Local housing authorities can set payment standards above or below published HUD FMR, so confirm program rules before underwriting a property.

FY 2026 Fair Market Rent by bedroom size for 94123
Bedroom sizeHUD FMR
Studio$3,160
1 bedroom$3,780
2 bedroom$4,580
3 bedroom$5,850
4 bedroom$6,060