94402
ZIPSAFMR
San Mateo County, CA
BRFMR
Eff. Rent
0 BR$3,120$2,520
1 BR$3,730$2,730
2 BR$4,520$4,510
3 BR$5,770$5,530
4 BR$5,980$5,980
5 BR$6,877
6 BR$7,909
7 BR$9,095
8 BR$10,459

Market Alignment

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

Studio
Studio
1.24ratio
FMR$3,120
Market$2,520
vs market+$600

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

1.24
1 BR
1 BR
1.37ratio
FMR$3,730
Market$2,730
vs market+$1,000

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

1.37
2 BR
2 BR
1.00ratio
FMR$4,520
Market$4,510
vs market+$10

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

1.00
3 BR
3 BR
1.04ratio
FMR$5,770
Market$5,530
vs market+$240

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

1.04
4 BR
4 BR
0.81ratio
FMR$5,980
Market$7,400
vs market-$1,420

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 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
$609,754
Rent
$4,520
Down payment
$121,951
Loan
$487,803
Mortgage
$3,083
Expenses
$1,237
Market inputs
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 94402 (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.