What is the Fair Market Rent in Hoboken, NJ?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 07030, which covers Hoboken, is $4,190 a month.

Across the whole Jersey City, NJ HUD Metro FMR Area the two-bedroom figure is $2,792.

The Census Bureau’s median gross rent for a two-bedroom home in Hoboken is $3,371 (±$125), below the Small Area figure for ZIP 07030.

Figures last updated on November 12, 2026.

2 bedrooms, whole area: $2,792
2 bedrooms, ZIP 07030: $4,190

Fair Market Rents for Hoboken, fiscal year 2027

HUD Fair Market Rent, dollars a month (gross rent, including utilities), beside the Census Bureau’s median gross rent for each ZIP code
	Studio	1 bedroom	2 bedrooms	3 bedrooms	4 bedrooms	Census median rent
Jersey City, NJ HUD Metro FMR Area (whole area)	$2,462	$2,514	$2,792	$3,392	$3,976	—
ZIP 07030 (99% of the ZIP’s land is in this place)	$3,690	$3,770	$4,190	$5,090	$5,970	$2,938

A Fair Market Rent is HUD’s estimate of the gross rent (shelter plus utilities) of a modest rental home in the area.

Whether a housing authority uses the ZIP code (Small Area) figures or the area-wide one depends on whether HUD has designated the area for Small Area FMRs or the authority has opted in; ask the local housing authority which applies.

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Questions about Hoboken

What is the Section 8 payment standard in Hoboken?

Housing authorities set payment standards between 90% and 110% of HUD’s Fair Market Rent; for fiscal year 2027, the two-bedroom Fair Market Rent for the Jersey City, NJ HUD Metro FMR Area is $2,792, and the Small Area figure for 07030 is $4,190.

What is the Fair Market Rent for a two-bedroom in ZIP 07030?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 07030 is $4,190 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $2,938 (±$129).

What is the Fair Market Rent for a one-bedroom in Hoboken?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a one-bedroom home in ZIP 07030 is $3,770 a month, against $2,514 across the Jersey City, NJ HUD Metro FMR Area.

Sources

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.