FMR is near market; voucher and private rents are aligned.
0.96
3 BR
3 BR- 07030
0.97ratio
FMR$5,090
Market$5,250
vs market-$160
FMR is near market; voucher and private rents are aligned.
0.97
4 BR
4 BR- 07030
1.06ratio
FMR$5,970
Market$5,630
vs market+$340
FMR is near market; voucher and private rents are aligned.
1.06
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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Hoboken, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Hoboken, NJ is $4,190 a month. That is up 1.2% from $4,140 in FY 2026. Hoboken is in the Jersey City, NJ HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in New Jersey is $2,233, so Hoboken is 88% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Hoboken, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$3,610
$3,690
+2.2%
$3,321–$4,059
1BR
$3,680
$3,770
+2.4%
$3,393–$4,147
2BR
$4,140
$4,190
+1.2%
$3,771–$4,609
3BR
$5,050
$5,090
+0.8%
$4,581–$5,599
4BR
$5,930
$5,970
+0.7%
$5,373–$6,567
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Hoboken, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$3,690
$3,770
$4,190
$5,090
$5,970
FY 2026
$3,610
$3,680
$4,140
$5,050
$5,930
FY 2025
$3,000
$3,040
$3,450
$4,240
$4,830
FY 2024
$2,990
$3,040
$3,450
$4,290
$4,780
FY 2023
$2,650
$2,730
$3,130
$3,860
$4,200
Questions about Hoboken, NJ rents
How much will Section 8 pay for a two-bedroom in Hoboken, NJ?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $4,190, that basic range is $3,771 to $4,609 a month. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.
Which HUD fair market rent area is Hoboken, NJ in?
Hoboken, NJ is in the Jersey City, NJ HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in Hoboken, NJ for FY 2027?
The two-bedroom FMR rose 1.2%, from $4,140 in FY 2026 to $4,190 in FY 2027. Since FY 2023 it has risen 33.9%.
When do FY 2027 fair market rents take effect?
HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.
Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set