FY2027 Small Area FMR · Novato, CA
ZIP 94947 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 94947 (Novato, CA) is $3,400 a month, up 4.3% from FY2026. That is 8% below the San Francisco, CA area-wide FMR of $3,697.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 94947 sits in the San Francisco, CA area
Of the 113 ZIP codes HUD lists for the area, 94947 has the 85th 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 $3,400 for this ZIP code instead.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $2,370 | $2,133 – $2,607 | $2,574 | $2,250 |
| 1 bedroom | $2,760 | $2,484 – $3,036 | $3,003 | $2,690 |
| 2 bedrooms | $3,400 | $3,060 – $3,740 | $3,697 | $3,260 |
| 3 bedrooms | $4,440 | $3,996 – $4,884 | $4,832 | $4,160 |
| 4 bedrooms | $5,000 | $4,500 – $5,500 | $5,439 | $4,320 |
A household renting a two-bedroom home at the Small Area FMR of $3,400 needs about $136,000 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 94947 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
Questions
What is the Fair Market Rent for ZIP code 94947?
HUD's FY2027 Small Area Fair Market Rents for 94947 are $2,370 (studio), $2,760 (1 BR), $3,400 (2 BR), $4,440 (3 BR) and $5,000 (4 BR) a month.
What is the Section 8 payment standard in 94947?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 94947 that range is $3,060 to $3,740 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 94947?
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.