Housing market/California/ZIP 94947
ZIP 94947 Novato, California
San Francisco, CA HUD Metro FMR Area · California. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.
ZIP brief
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HUD schedule, ACS stock, and the 90–110% band for ZIP 94947 · CA — sent to you.
ZIP 94947 · CA
ACS rent vs 2BR SAFMR
ZIP 94947 — Novato, CA HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 94947
- 1-unit detached6,40068.1%
- 1-unit attached9259.8%
- 2–4 units4614.9%
- 5–49 units1,28713.7%
- 50+ units3043.2%
- Mobile170.2%
2–4 unit share 4.9% · 5–49 unit share 13.7% · combined 2–49 18.5%.
Units by bedrooms
Rent burden
- ACS median gross rent $2,526 (all bedrooms, occupied rentals).
- Median contract rent $2,378.
- Renters paying ≥30% of income 64.9%; ≥50% 43.1%.
- FY2027 2BR SAFMR $3,400 (1.346× ACS median gross rent).
Population
24,360 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: -8.3%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 2 projects, 197 units.
- HUD project-based assisted MF: 3 properties, 30 assisted units.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
New apartment permits
About 0 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.
Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.
What the data shows
ZIP 94947 30.4% of occupied households are renters; vacancy is 5.2%; ACS median gross rent is $2,526; population changed -8.3% between the 2018 and 2023 ACS vintages; the housing stock includes 461 units in 2–4-unit structures and 1,287 units in 5–49-unit structures; 2 LIHTC projects totaling 197 units; FY2027 2BR SAFMR is $3,400 versus ACS median gross rent of $2,526. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.
California research
ZIP 94947 is a Census / HUD profile for San Francisco, CA. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 94947 — Novato, CA HUD Section 8 Payment Standards / SAFMR·California ZIP directory
Nearby ZIPs in this FMR area
Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is California research. Brokerage is Georgia.
FAQ
What is the housing market like in ZIP 94947?
ZIP 94947 (San Francisco, CA HUD Metro FMR Area) has 24,360 residents, 8,938 households, a renter share of 30.4%, median household income of $126,690, and ACS 2023 median gross rent of $2,526. Vacancy is 5.2%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 94947?
ACS counts 151 units in 2-unit buildings, 310 in 3–4 unit buildings, 504 in 5–9, 299 in 10–19, and 484 in 20–49. Combined 2–49 unit stock is 1,748 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 94947?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $3,400. See the full schedule and 90–110% payment-standard band on the ZIP 94947 — Novato, CA HUD Section 8 Payment Standards / SAFMR.
Does this California ZIP profile include Georgia listings?
No. ZIP 94947 is Census / HUD research for San Francisco, CA HUD Metro FMR Area. Jeff Crowe CRE does not list California property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.