Home Insurance in Avalon, New Jersey
The median home value in Avalon is $1,959,000, 351% higher than the Cape May County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Avalon was built around 1988. About 10% of homes were built before 1960, about 15 points below Cape May County's 25%.
In Avalon, the housing stock is 90% single-family homes and 7% apartments in buildings with 5+ units.
38% of owner-occupied homes in Avalon carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
About 93% of occupied homes in Avalon are owner-occupied. The vacancy rate is 86%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
In Avalon, 75% of homes are primarily heated with natural gas.
What's the biggest home insurance risk near Avalon? FEMA's National Risk Index points to coastal flooding (Very High) in Cape May County and Cape May County had 47,361 active NFIP flood policies as of September 2026. See the full Cape May County home insurance overview for all FEMA hazard ratings and flood coverage details. Flood damage is excluded from a standard homeowners policy.
In New Jersey, the statewide average premium for a standard HO-3 homeowners policy is $1,551 per year (NAIC, 2023 data).
Key figures
| Median home value | $1,959,000 |
|---|---|
| Median year built | 1988 |
| Owner-occupied share | 93% |
| Share of owner-occupied homes with a mortgage | 38% |
| Top county hazard | Coastal Flooding (Very High) |
| Active NFIP policies in Cape May County | 47,361 |
| 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)