Home Insurance in Ocean City, New Jersey
Homes in Ocean City carry a median value of $840,500 - 93% higher than the Cape May County median.
The typical home in Ocean City was built around 1984. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. About 23% of homes were built before 1960, about 2 points below Cape May County's 25%.
In Ocean City, the housing stock is 67% single-family homes and 12% apartments in buildings with 5+ units. The rest are 2-4 unit or other housing types.
About 52% of owner-occupied homes in Ocean City have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Ocean City has an owner-occupancy rate of 73% and a vacancy rate of 73%; unoccupied homes typically need a different coverage form.
Most homes in Ocean City - 75% - are primarily heated with natural gas.
FEMA rates Cape May County's overall risk as Relatively Moderate, led by coastal flooding (Very High). 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 | $840,500 |
|---|---|
| Median year built | 1984 |
| Owner-occupied share | 73% |
| Share of owner-occupied homes with a mortgage | 52% |
| 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)