Home Insurance in Morris County, New Jersey
With a median home value of $582,500, Morris County is 28% higher than the New Jersey median.
The typical home in Morris County was built around 1971. About 33% of homes were built before 1960, about 5 points below New Jersey's 38%. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild.
The housing stock in Morris County is 74% single-family homes and 19% apartments in buildings with 5+ units.
64% of owner-occupied homes in Morris County carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
About 74% of occupied homes in Morris County are owner-occupied. The vacancy rate is 3%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
Most homes in Morris County - 70% - 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.
The top hazards for Morris County, per FEMA's National Risk Index, are strong wind (Relatively High), winter weather (Very High) and inland flooding (Relatively High).
Morris County had 2,729 active National Flood Insurance Program policies as of September 2026. Standard homeowners insurance does not cover flood damage, so flood coverage needs a separate NFIP or private flood 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 | $582,500 |
|---|---|
| Median year built | 1971 |
| Owner-occupied share | 74% |
| Share of owner-occupied homes with a mortgage | 64% |
| Top hazards (FEMA National Risk Index) | Strong Wind (Relatively High), Winter Weather (Very High), Inland Flooding (Relatively High) |
| Active NFIP flood policies (county) | 2,729 |
| Home insurance premium | $1,551 - statewide average (NAIC, 2023 data) |
Towns and cities
- Boonton
- Butler
- Chatham
- Chester
- Dover
- Florham Park
- Kinnelon
- Lincoln Park
- Madison
- Mendham
- Morris Plains
- Morristown
- Mount Arlington
- Mountain Lakes
- Netcong
- Riverdale
- Rockaway
- Victory Gardens
- Wharton
Sources
- 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)