Home Insurance in Magnolia, New Jersey
Homes in Magnolia carry a median value of $238,800 - 17% lower than the Camden County median.
Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. The typical home in Magnolia was built around 1961. About 48% of homes were built before 1960, about 8 points above Camden County's 40%.
In Magnolia, the housing stock is 72% single-family homes and 25% apartments in buildings with 5+ units.
In Magnolia, about 72% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Magnolia has an owner-occupancy rate of 69% and a vacancy rate of 2%; unoccupied homes typically need a different coverage form.
81% of homes in Magnolia are primarily heated with natural gas. Homes heated with propane can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.
Camden County had 1,560 active NFIP flood policies as of September 2026. Its top FEMA-rated hazard is winter weather (Very High). See the full Camden County home insurance overview for all FEMA hazard ratings and flood coverage details.
According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in New Jersey carries a statewide average premium of $1,551 per year.
Key figures
| Median home value | $238,800 |
|---|---|
| Median year built | 1961 |
| Owner-occupied share | 69% |
| Share of owner-occupied homes with a mortgage | 72% |
| Top county hazard | Winter Weather (Very High) |
| Active NFIP policies in Camden County | 1,560 |
| 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)