Home Insurance in Passaic, New Jersey
The median home value in Passaic is $429,900, 6% lower than the Passaic County median.
The median home in Passaic was built in 1939 or earlier. About 75% of homes were built before 1960, about 19 points above Passaic County's 57%. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing.
The housing stock in Passaic is 19% single-family homes and 45% apartments in buildings with 5+ units. The rest are 2-4 unit or other housing types.
66% of owner-occupied homes in Passaic carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
About 24% of occupied homes in Passaic are owner-occupied. The vacancy rate is 2%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
In Passaic, 84% of homes are primarily heated with natural gas.
FEMA rates Passaic County's overall risk as Relatively High, led by strong wind (Very High). Passaic County had 2,754 active NFIP flood policies as of September 2026. See the full Passaic 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 | $429,900 |
|---|---|
| Median year built | 1939 or earlier |
| Owner-occupied share | 24% |
| Share of owner-occupied homes with a mortgage | 66% |
| Top county hazard | Strong Wind (Very High) |
| Active NFIP policies in Passaic County | 2,754 |
| 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)