FY2027 Small Area FMR · Alameda, CA

ZIP 94501 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 94501 (Alameda, CA) is $3,050 a month, down 1.3% from FY2026. That is 9% above the Oakland-Fremont, CA area-wide FMR of $2,805.

2-bedroom SAFMR$3,050per month ▼ 1.3%

Area-wide 2 BR FMR$2,805Oakland-Fremont, CA

Rank in the area37thof 115 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$2,745

2 BR Small Area FMR$3,050

110% of SAFMR$3,355

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$2,270■ 0.0%

1 BR$2,490▼ 1.6%

2 BR$3,050▼ 1.3%

3 BR$3,910▼ 1.0%

4 BR$4,620▼ 1.3%

FY2027 FY2026

Where 94501 sits in the Oakland-Fremont, CA area

Of the 115 ZIP codes HUD lists for the area, 94501 has the 37th highest two-bedroom Small Area FMR. Oakland-Fremont, CA is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $2,805 for two bedrooms; an agency that opts in to Small Area FMRs would use $3,050 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$2,270	$2,043 – $2,497	$2,088	$2,270
1 bedroom	$2,490	$2,241 – $2,739	$2,290	$2,530
2 bedrooms	$3,050	$2,745 – $3,355	$2,805	$3,090
3 bedrooms	$3,910	$3,519 – $4,301	$3,592	$3,950
4 bedrooms	$4,620	$4,158 – $5,082	$4,250	$4,680

A household renting a two-bedroom home at the Small Area FMR of $3,050 needs about $122,000 a year to keep housing costs at 30% of income. The area median family income is $162,800 and the 80% low-income limit for four people is $135,750. ZIP code 94501 lies mainly in Alameda County and San Francisco County. See the Oakland-Fremont, CA metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
94606	Oakland	2.2 mi	$2,630
94612	Oakland	2.5 mi	$3,030
94607	Oakland	2.6 mi	$2,630
94502	Alameda	3.1 mi	$3,060
94610	Oakland	3.2 mi	$2,910
94601	Oakland	3.2 mi	$2,630

Questions

What is the Fair Market Rent for ZIP code 94501?

HUD's FY2027 Small Area Fair Market Rents for 94501 are $2,270 (studio), $2,490 (1 BR), $3,050 (2 BR), $3,910 (3 BR) and $4,620 (4 BR) a month.

What is the Section 8 payment standard in 94501?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 94501 that range is $2,745 to $3,355 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 94501?

The FY2026 income limits of the Oakland-Fremont, CA area apply: median family income $162,800, low-income (80%) limit $135,750 for a family of four.