94401
ZIPSAFMR
San Mateo County, CA
BRFMR
Eff. Rent
0 BR$2,360$2,300
1 BR$2,830$2,830
2 BR$3,420$3,420
3 BR$4,370$4,370
4 BR$4,530$4,530
5 BR$5,210
6 BR$5,991
7 BR$6,890
8 BR$7,923

Market Alignment

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

Studio
Studio
1.03ratio
FMR$2,360
Market$2,300
vs market+$60

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

1.03
1 BR
1 BR
0.97ratio
FMR$2,830
Market$2,930
vs market-$100

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

0.97
2 BR
2 BR
0.83ratio
FMR$3,420
Market$4,110
vs market-$690

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

0.83
3 BR
3 BR
0.89ratio
FMR$4,370
Market$4,930
vs market-$560

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

0.89
4 BR
4 BR
0.81ratio
FMR$4,530
Market$5,620
vs market-$1,090

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

0.81
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
$446,294
Rent
$3,420
Down payment
$89,259
Loan
$357,035
Mortgage
$2,257
Expenses
$963
Market inputs
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 94401 (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.