Home Insurance in Rockaway, New Jersey
With a median home value of $448,100, Rockaway is 23% lower than the Morris County median.
The typical home in Rockaway was built around 1960. About 50% of homes were built before 1960, about 17 points above Morris County's 33%. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing.
Housing in Rockaway breaks down to 59% single-family homes, 32% apartments in buildings with 5+ units and 2% mobile or manufactured homes.
About 62% of owner-occupied homes in Rockaway have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Rockaway has an owner-occupancy rate of 60% and a vacancy rate of 2%; unoccupied homes typically need a different coverage form.
Homes heated with fuel oil can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies. In Rockaway, 74% of homes are primarily heated with natural gas.
What's the biggest home insurance risk near Rockaway? FEMA's National Risk Index points to strong wind (Relatively High) in Morris County and 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 | $448,100 |
|---|---|
| Median year built | 1960 |
| Owner-occupied share | 60% |
| Share of owner-occupied homes with a mortgage | 62% |
| 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)