Home Insurance in Riverdale, New Jersey
The median home value in Riverdale is $395,900, 32% lower than the Morris County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Riverdale was built around 1996. About 36% of homes were built before 1960, about 3 points above Morris County's 33%.
Housing in Riverdale breaks down to 41% single-family homes and 51% apartments in buildings with 5+ units.
In Riverdale, about 54% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Riverdale has an owner-occupancy rate of 71% and a vacancy rate of 2%; unoccupied homes typically need a different coverage form.
In Riverdale, 77% of homes are primarily heated with natural gas.
Morris County's top FEMA-rated hazard is strong wind (Relatively High), per FEMA's National Risk Index. 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.
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 | $395,900 |
|---|---|
| Median year built | 1996 |
| Owner-occupied share | 71% |
| Share of owner-occupied homes with a mortgage | 54% |
| 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)