Home Insurance in Oakland, New Jersey
Homes in Oakland carry a median value of $591,300 - 5% lower than the Bergen County median.
Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. The typical home in Oakland was built around 1960. About 51% of homes were built before 1960, in line with Bergen County (51%).
Housing in Oakland breaks down to 95% single-family homes and 2% apartments in buildings with 5+ units.
In Oakland, about 70% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Oakland has an owner-occupancy rate of 93% and a vacancy rate of 4%; unoccupied homes typically need a different coverage form.
Most homes in Oakland - 89% - are primarily heated with natural gas.
Bergen County's top FEMA-rated hazard is coastal flooding (Very High), per FEMA's National Risk Index. Bergen County had 10,272 active NFIP flood policies as of September 2026. See the full Bergen County home insurance overview for all FEMA hazard ratings and flood coverage details. Flood damage is excluded from a standard homeowners policy.
The statewide average premium for a standard HO-3 homeowners policy in New Jersey is $1,551 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $591,300 |
|---|---|
| Median year built | 1960 |
| Owner-occupied share | 93% |
| Share of owner-occupied homes with a mortgage | 70% |
| Top county hazard | Coastal Flooding (Very High) |
| Active NFIP policies in Bergen County | 10,272 |
| Home insurance premium | $1,551 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)