Home Insurance in Mountain Lakes, New Jersey
With a median home value of $917,000, Mountain Lakes is 57% higher than the Morris County median.
The typical home in Mountain Lakes was built around 1949. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. About 60% of homes were built before 1960, about 27 points above Morris County's 33%.
The housing stock in Mountain Lakes is 99% single-family homes and 1% mobile or manufactured homes.
About 66% of owner-occupied homes in Mountain Lakes have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Mountain Lakes has an owner-occupancy rate of 96% and a vacancy rate of 3%; unoccupied homes typically need a different coverage form.
87% of homes in Mountain Lakes 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.
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.
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 | $917,000 |
|---|---|
| Median year built | 1949 |
| Owner-occupied share | 96% |
| Share of owner-occupied homes with a mortgage | 66% |
| 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)