Home Insurance in Morristown, New Jersey
With a median home value of $567,600, Morristown is close to the Morris County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Morristown was built around 1970. About 39% of homes were built before 1960, about 6 points above Morris County's 33%.
In Morristown, the housing stock is 34% single-family homes, 48% apartments in buildings with 5+ units and 1% mobile or manufactured homes. The rest are 2-4 unit or other housing types.
In Morristown, about 69% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
About 37% of occupied homes in Morristown 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 Morristown - 68% - are primarily heated with natural gas.
FEMA rates Morris County's overall risk as Relatively Moderate, led by strong wind (Relatively High). Morris County had 2,729 active NFIP flood policies as of September 2026. See the full Morris County home insurance overview for all FEMA hazard ratings and flood coverage details.
According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in New Jersey carries a statewide average premium of $1,551 per year.
Key figures
| Median home value | $567,600 |
|---|---|
| Median year built | 1970 |
| Owner-occupied share | 37% |
| 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)