What HUD offices serve Hoboken, New Jersey?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the New Jersey Public Housing and Low-Income Apartments Waiting Lists page for openings near Hoboken.
How many renters live in Hoboken, New Jersey?
The City of Hoboken has people living in households.
There are renters living in renter households in this City. Renters make up 61.17 percent of the population living in Hoboken.
What is the rental market like in Hoboken, New Jersey?
There are an estimated housing units in the Hoboken area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Hoboken, New Jersey, there are 1.07 rental units.
What is the vacancy rate for rentals in Hoboken?
The rental vacancy rate in Hoboken is 5 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in Hoboken for each bedroom size?
Occupied Rental Units by Size in Hoboken
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 971 | 7,737 | 7,627 | 1,737 | 153 |
Occupied Rental Units by Size in Hoboken
A large number of apartments in Hoboken have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Hoboken
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,993 to $3,183. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,993 |
| One BR | $2,025 |
| Two BR | $2,299 |
| Three BR | $2,855 |
| Four BR | $3,183 |
2024 Fair Market Rents in Hoboken, New Jersey
How many units are rented at Fair Market Rent (FMR) in Hoboken?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Studio | 282 | 29 percent |
| One BR | 2,113 | 27 percent |
| Two BR | 1,345 | 18 percent |
Rental Units Below FMR in Hoboken, New Jersey
How many affordable rental units are in Hoboken?
There are a variety of federal affordable housing programs serving households in Hoboken, New Jersey including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| Public Housing | |
| Section 8 Project-Based Rental Assistance |
Tracked Units by Federal Program in Hoboken, New Jersey
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Hoboken, New Jersey
Hoboken features 2,277 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Hoboken, New Jersey
There are 206 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Hoboken.
Housing Choice Vouchers in Hoboken, New Jersey
On average, Section 8 Housing Choice vouchers pay Hoboken landlords $1,000 per month towards rent. The average voucher holder contributes $500 towards rent in Hoboken.
The maximum amount a voucher would pay on behalf of a low-income tenant in Hoboken, New Jersey for a two-bedroom apartment is between $2,069 and $2,529.
Sourced from federal housing data and AffordableHousingOnline.com research.