94403
ZIPSAFMR
San Mateo County, CA
BRFMR
Eff. Rent
0 BR$3,060$2,430
1 BR$3,670$2,710
2 BR$4,440$4,250
3 BR$5,670$5,390
4 BR$5,880$6,470
5 BR$6,762
6 BR$7,776
7 BR$8,943
8 BR$10,284

Purchase Price Calculator

Maximum purchase price
$569,632

Cost breakdown

+Likely effective rent$4,250
HUD FMR$4,440
Market rentUsed$4,250
Est. payment standard (97%)$4,320
Market rent is below the inferred standard ($4,320, 97% of FMR).
-Principal and interest-$2,880
Loan amount$455,705
Down payment$113,926
Rate6.50%
Term30 years
-Operating costs-$1,170
Property taxes-$570
Insurance-$175
Utilities$0
HOA$0
Management-$425
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$67,326(59.1% ROI)
Projected value
$613,431
Current value$569,632
Return breakdown
Property appreciation+$43,799
Loan principal paid down+$16,327
Rental cash flow+$7,200
5-year hold
+$115,969(101.8% ROI)
Projected value
$644,486
Current value$569,632
Return breakdown
Property appreciation+$74,854
Loan principal paid down+$29,115
Rental cash flow+$12,000
10-year hold
+$252,921(222.0% ROI)
Projected value
$729,177
Current value$569,632
Return breakdown
Property appreciation+$159,545
Loan principal paid down+$69,376
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
1.26ratio
FMR$3,060
Market$2,430
vs market+$630

FMR is above market; underwrite to market rent.

90% standard$2,754 / 1.13 ratio110% standard$3,366 / 1.39 ratio
1.26
1 BR
1 BR
1.35ratio
FMR$3,670
Market$2,710
vs market+$960

FMR is above market; underwrite to market rent.

90% standard$3,303 / 1.22 ratio110% standard$4,037 / 1.49 ratio
1.35
2 BR
2 BR
1.04ratio
FMR$4,440
Market$4,250
vs market+$190

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

90% standard$3,996 / 0.94 ratio110% standard$4,884 / 1.15 ratio
1.04
3 BR
3 BR
1.05ratio
FMR$5,670
Market$5,390
vs market+$280

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

90% standard$5,103 / 0.95 ratio110% standard$6,237 / 1.16 ratio
1.05
4 BR
4 BR
0.83ratio
FMR$5,880
Market$7,120
vs market-$1,240

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

90% standard$5,292 / 0.74 ratio110% standard$6,468 / 0.91 ratio
0.83
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 94403 (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.

94403 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 94403 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $4,440 and the 4 bedroom fair market rent is $5,880.

Use this page for searches like 94403 FMR, 94403 fair market rent, and 94403 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 94403
Bedroom sizeHUD FMR
Studio$3,060
1 bedroom$3,670
2 bedroom$4,440
3 bedroom$5,670
4 bedroom$5,880