Home Insurance in Morris Plains, New Jersey
The median home value in Morris Plains is $643,300, 10% higher than the Morris County median.
The typical home in Morris Plains was built around 1964. About 45% of homes were built before 1960, about 13 points above Morris County's 33%. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing.
Housing in Morris Plains breaks down to 73% single-family homes, 24% apartments in buildings with 5+ units and 1% mobile or manufactured homes.
In Morris Plains, about 69% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Morris Plains has an owner-occupancy rate of 72% and a vacancy rate of 3%; unoccupied homes typically need a different coverage form.
83% of homes in Morris Plains are primarily heated with natural gas.
Morris County had 2,729 active NFIP flood policies as of September 2026. Its top FEMA-rated hazard is strong wind (Relatively High). See the full Morris County home insurance overview for all FEMA hazard ratings and flood coverage details.
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 | $643,300 |
|---|---|
| Median year built | 1964 |
| Owner-occupied share | 72% |
| Share of owner-occupied homes with a mortgage | 69% |
| Top county hazard | Strong Wind (Relatively High) |
| Active NFIP policies in Morris County | 2,729 |
| 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)