Affordable & Income-Based Housing in Hoboken

Affordability

Hoboken's median asking rent is $2,938 per month and the median household income is $180,579, according to Census ACS 5-Year data (2024). About 66% of residents rent their homes, reflecting strong demand for rental housing in the city.

With market rents at that level, the 926 income-restricted units across Hoboken's HUD-assisted and LIHTC properties can offer meaningful cost relief for income-qualifying renters.

Safety

According to FBI Crime Data Explorer, the Hoboken Police Department reported a violent crime rate of 189 per 100,000 residents in 2024. Note that crime rates are not directly comparable across cities due to differences in reporting practices and definitions.

Getting Around Hoboken

The area around Hoboken's assisted properties scores a perfect 100 (Walker's Paradise), a Transit Score of 81 (Excellent Transit), and a Bike Score of 78, according to Walk Score. These scores reflect conditions near the assisted properties specifically.

Schools

According to NCES Common Core of Data, 8 schools across 4 districts serve Hoboken, including 5 elementary, 1 middle, and 2 high schools. Ratings vary by school and district, so renters should check the assigned schools for a specific address.

Cost of Living

Hoboken is one of the more expensive rental markets in New Jersey. According to Census ACS 5-Year data (as of 2024), the median household income is $180,579 and the median monthly rent is $2,938.

For renters who qualify, the 926 income-restricted units across Hoboken's HUD-assisted and LIHTC properties can represent significant savings compared to market-rate rents in the area.

Environment and Flood Risk

Flood exposure is a real consideration in Hoboken. Of the 10 HUD-assisted properties tracked on this page, 5 are mapped in high-risk flood zones. Renters in those buildings should ask about flood insurance requirements and building-level flood mitigation measures before signing a lease.