94404
ZIPSAFMR
San Mateo County, CA
BRFMR
Eff. Rent
0 BR$3,450$2,960
1 BR$4,140$2,480
2 BR$5,010$4,020
3 BR$6,400$5,270
4 BR$6,630$6,180
5 BR$7,624
6 BR$8,768
7 BR$10,083
8 BR$11,596

Purchase Price Calculator

Maximum purchase price
$535,454

Cost breakdown

+Likely effective rent$4,020
HUD FMR$5,010
Market rentUsed$4,020
Est. payment standard (90%)$4,510
Market rent is below the inferred standard ($4,510, 90% of FMR).
-Principal and interest-$2,708
Loan amount$428,363
Down payment$107,091
Rate6.50%
Term30 years
-Operating costs-$1,112
Property taxes-$535
Insurance-$175
Utilities$0
HOA$0
Management-$402
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$63,719(59.5% ROI)
Projected value
$576,625
Current value$535,454
Return breakdown
Property appreciation+$41,171
Loan principal paid down+$15,347
Rental cash flow+$7,200
5-year hold
+$109,731(102.5% ROI)
Projected value
$605,817
Current value$535,454
Return breakdown
Property appreciation+$70,363
Loan principal paid down+$27,368
Rental cash flow+$12,000
10-year hold
+$239,186(223.3% ROI)
Projected value
$685,426
Current value$535,454
Return breakdown
Property appreciation+$149,972
Loan principal paid down+$65,213
Rental cash flow+$24,000

Upgrade to access AI-powered research tools

Upgrade

Rolodex

Upgrade to access AI-powered research tools

Upgrade

Market Alignment

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

Studio
Studio
1.17ratio
FMR$3,450
Market$2,960
vs market+$490

FMR is above market; underwrite to market rent.

90% standard$3,105 / 1.05 ratio110% standard$3,795 / 1.28 ratio
1.17
1 BR
1 BR
1.67ratio
FMR$4,140
Market$2,480
vs market+$1,660

FMR is above market; underwrite to market rent.

1.67
2 BR
2 BR
1.25ratio
FMR$5,010
Market$4,020
vs market+$990

FMR is above market; underwrite to market rent.

90% standard$4,509 / 1.12 ratio110% standard$5,511 / 1.37 ratio
1.25
3 BR
3 BR
1.21ratio
FMR$6,400
Market$5,270
vs market+$1,130

FMR is above market; underwrite to market rent.

90% standard$5,760 / 1.09 ratio110% standard$7,040 / 1.34 ratio
1.21
4 BR
4 BR
1.07ratio
FMR$6,630
Market$6,180
vs market+$450

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

90% standard$5,967 / 0.97 ratio110% standard$7,293 / 1.18 ratio
1.07
0.700.800.901.001.101.201.30aligned range

HUD benchmarks exceed market rents for larger unit sizes.

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 94404 (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.

94404 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 94404 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $5,010 and the 4 bedroom fair market rent is $6,630.

Use this page for searches like 94404 FMR, 94404 fair market rent, and 94404 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 94404
Bedroom sizeHUD FMR
Studio$3,450
1 bedroom$4,140
2 bedroom$5,010
3 bedroom$6,400
4 bedroom$6,630