FY2027 Small Area FMR · Mill Valley, CA

ZIP 94941 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 94941 (Mill Valley, CA) is $4,110 a month, up 3.8% from FY2026. That is 11% above the San Francisco, CA area-wide FMR of $3,697.

2-bedroom SAFMR$4,110per month ▲ 3.8%

Area-wide 2 BR FMR$3,697San Francisco, CA

Rank in the area22ndof 113 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$3,699

2 BR Small Area FMR$4,110

110% of SAFMR$4,521

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

Studio$2,860▲ 4.8%

1 BR$3,340▲ 2.1%

2 BR$4,110▲ 3.8%

3 BR$5,370▲ 6.1%

4 BR$6,050▲ 15.5%

FY2027 FY2026

Where 94941 sits in the San Francisco, CA area

Of the 113 ZIP codes HUD lists for the area, 94941 has the 22nd highest two-bedroom Small Area FMR. San Francisco, 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 $3,697 for two bedrooms; an agency that opts in to Small Area FMRs would use $4,110 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	$2,860	$2,574 – $3,146	$2,574	$2,730
1 bedroom	$3,340	$3,006 – $3,674	$3,003	$3,270
2 bedrooms	$4,110	$3,699 – $4,521	$3,697	$3,960
3 bedrooms	$5,370	$4,833 – $5,907	$4,832	$5,060
4 bedrooms	$6,050	$5,445 – $6,655	$5,439	$5,240

A household renting a two-bedroom home at the Small Area FMR of $4,110 needs about $164,400 a year to keep housing costs at 30% of income. The area median family income is $200,800 and the 80% low-income limit for four people is $168,100. ZIP code 94941 lies mainly in Marin County. See the San Francisco, CA metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
94939	Larkspur	3.2 mi	$4,170
94965	Sausalito	3.2 mi	$4,140
94904	Greenbrae	3.3 mi	$3,410
94925	Corte Madera	3.8 mi	$4,710
94930	Fairfax	4.3 mi	$3,280
94957	Ross	4.5 mi	$4,520

Questions

What is the Fair Market Rent for ZIP code 94941?

HUD's FY2027 Small Area Fair Market Rents for 94941 are $2,860 (studio), $3,340 (1 BR), $4,110 (2 BR), $5,370 (3 BR) and $6,050 (4 BR) a month.

What is the Section 8 payment standard in 94941?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 94941 that range is $3,699 to $4,521 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 94941?

The FY2026 income limits of the San Francisco, CA area apply: median family income $200,800, low-income (80%) limit $168,100 for a family of four.