FY2027 Small Area FMR · Albany, CA

ZIP 94706 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 94706 (Albany, CA) is $2,960 a month, down 3.0% from FY2026. That is 6% above the Oakland-Fremont, CA area-wide FMR of $2,805.

2-bedroom SAFMR$2,960per month ▼ 3.0%

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

Rank in the area45thof 115 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$2,664

2 BR Small Area FMR$2,960

110% of SAFMR$3,256

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

Studio$2,200▼ 1.8%

1 BR$2,420▼ 3.2%

2 BR$2,960▼ 3.0%

3 BR$3,790▼ 2.8%

4 BR$4,480▼ 3.0%

FY2027 FY2026

Where 94706 sits in the Oakland-Fremont, CA area

Of the 115 ZIP codes HUD lists for the area, 94706 has the 45th 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 $2,960 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	$2,200	$1,980 – $2,420	$2,088	$2,240
1 bedroom	$2,420	$2,178 – $2,662	$2,290	$2,500
2 bedrooms	$2,960	$2,664 – $3,256	$2,805	$3,050
3 bedrooms	$3,790	$3,411 – $4,169	$3,592	$3,900
4 bedrooms	$4,480	$4,032 – $4,928	$4,250	$4,620

A household renting a two-bedroom home at the Small Area FMR of $2,960 needs about $118,400 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 94706 lies mainly in Alameda County and Contra Costa 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
94707	Berkeley	1.1 mi	$2,850
94709	Berkeley	1.7 mi	$2,820
94702	Berkeley	1.7 mi	$2,630
94710	Berkeley	1.9 mi	$3,070
94708	Berkeley	2.1 mi	$3,590
94703	Berkeley	2.1 mi	$2,680

Questions

What is the Fair Market Rent for ZIP code 94706?

HUD's FY2027 Small Area Fair Market Rents for 94706 are $2,200 (studio), $2,420 (1 BR), $2,960 (2 BR), $3,790 (3 BR) and $4,480 (4 BR) a month.

What is the Section 8 payment standard in 94706?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 94706 that range is $2,664 to $3,256 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 94706?

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.