Home Insurance in Victory Gardens, New Jersey
With a median home value of $250,600, Victory Gardens is 57% lower than the Morris County median.
The typical home in Victory Gardens was built around 1972. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. About 44% of homes were built before 1960, about 11 points above Morris County's 33%.
In Victory Gardens, the housing stock is 43% single-family homes, 27% apartments in buildings with 5+ units and 7% mobile or manufactured homes. The rest are 2-4 unit or other housing types. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
In Victory Gardens, about 75% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Victory Gardens has an owner-occupancy rate of 33% and a vacancy rate of 6%; unoccupied homes typically need a different coverage form.
Most homes in Victory Gardens - 68% - 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.
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 | $250,600 |
|---|---|
| Median year built | 1972 |
| Owner-occupied share | 33% |
| Share of owner-occupied homes with a mortgage | 75% |
| 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)