FY2024 Fair Market Rents — San Francisco-Oakland-Fremont, CA HUD Metro FMR Area

The HUD-published Fair Market Rents for FY2024 in this area are:

Studio
$2,035
1BR
$2,538
2BR
$3,135
3BR
$4,239
4BR
$5,036
Hours/week at min wage
147 hrs
to afford the 2BR FMR @ $16.50/hr (CA)
National rank
#3
of 646 U.S. metros (top 1% most expensive)
YoY change (2BR)
+2.6%
+$79 vs FY2023 · 5-yr +13.5%
Voucher payment standard
$2,822–$3,449
PHAs set HCV payment at 90–110% of the 2BR FMR

San Francisco-Oakland-Fremont, CA HUD Metro FMR Area

Metropolitan area · CA · View full history · Income limits · LIHTC rents

FY2024 Fair Market Rents

Bedroom Size Monthly FMR Annual Equivalent
Efficiency (Studio) $2,035 $24,420
1-Bedroom $2,538 $30,456
2-Bedroom $3,135 $37,620
3-Bedroom $4,239 $50,868
4-Bedroom $5,036 $60,432

Recent 2-Bedroom FMR Trend

FY2018 $2,693 → FY2024 $3,135
Fiscal Year Studio 1BR 2BR 3BR 4BR
FY2024 $2,035 $2,538 $3,135 $4,239 $5,036
FY2023 $2,261 $2,658 $3,056 $3,972 $4,522
FY2022 $2,205 $2,592 $2,980 $3,874 $4,410
FY2021 $2,149 $2,527 $2,905 $3,776 $4,299
FY2020 $2,096 $2,464 $2,833 $3,682 $4,192
FY2019 $2,043 $2,402 $2,762 $3,590 $4,087
FY2018 $1,992 $2,342 $2,693 $3,500 $3,985

View full FMR history back to FY2000 →

FY2024 Income Limits

Area Median Income (AMI): $154,900

AMI Level 1p 2p 3p 4p 5p 6p
30% AMI (Extremely Low) $32,528 $37,176 $41,823 $46,470 $50,187 $53,905
50% AMI (Very Low) $54,215 $61,960 $69,705 $77,450 $83,646 $89,842
80% AMI (Low) $86,744 $99,136 $111,528 $123,920 $133,833 $143,747

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR
$37,620/yr
FMR as % of Area Median Income
24.3% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$125,400/yr
$10,450/mo gross income

FY2024 LIHTC Maximum Rents

Maximum gross rents for Low-Income Housing Tax Credit units, by income band. Full LIHTC details →

AMI Band Studio 1BR 2BR 3BR 4BR
50% AMI Maximum $1,355 $1,549 $1,742 $2,091 $2,246
60% AMI Maximum $1,626 $1,858 $2,091 $2,509 $2,695

FY2024 HOME Program Rent Limits

Maximum rents for HOME Investment Partnerships–funded units. High HOME rents apply to most assisted units; Low HOME rents apply to the lowest-income set-aside units. Full HOME rent details →

Limit Type Studio 1BR 2BR 3BR 4BR
High HOME Rent $2,035 $2,517 $2,517 $2,517 $2,517
Low HOME Rent $1,355 $1,549 $1,742 $1,936 $2,091

Compare San Francisco-Oakland-Fremont, CA HUD Metro FMR Area With Other CA Metros

vs. Bakersfield, CA MSA vs. Chico, CA MSA vs. El Centro, CA MSA vs. Fresno, CA MSA vs. Hanford-Corcoran, CA MSA

Counties in This FMR Area

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