Home Insurance in North Caldwell, New Jersey
With a median home value of $904,500, North Caldwell is 73% higher than the Essex County median.
The typical home in North Caldwell was built around 1965. About 44% of homes were built before 1960, about 9 points below Essex County's 53%. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild.
Housing in North Caldwell breaks down to 92% single-family homes and 7% apartments in buildings with 5+ units.
66% of owner-occupied homes in North Caldwell carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
The vacancy rate is 4%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 98% of occupied homes in North Caldwell are owner-occupied.
Most homes in North Caldwell - 89% - are primarily heated with natural gas. Homes heated with fuel oil can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.
Essex County's top FEMA-rated hazard is inland flooding (Relatively High), per FEMA's National Risk Index. Essex County had 4,122 active NFIP flood policies as of September 2026. See the full Essex 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 | $904,500 |
|---|---|
| Median year built | 1965 |
| Owner-occupied share | 98% |
| Share of owner-occupied homes with a mortgage | 66% |
| Top county hazard | Inland Flooding (Relatively High) |
| Active NFIP policies in Essex County | 4,122 |
| 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)