Home Insurance in Wanaque, New Jersey
With a median home value of $400,700, Wanaque is 13% lower than the Passaic County median.
The typical home in Wanaque was built around 1963. About 48% of homes were built before 1960, about 9 points below Passaic County's 57%. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild.
In Wanaque, the housing stock is 68% single-family homes and 17% apartments in buildings with 5+ units. The rest are 2-4 unit or other housing types.
In Wanaque, about 66% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Wanaque has an owner-occupancy rate of 78% and a vacancy rate of 1%; unoccupied homes typically need a different coverage form.
Most homes in Wanaque - 88% - are primarily heated with natural gas.
What's the biggest home insurance risk near Wanaque? FEMA's National Risk Index points to strong wind (Very High) in Passaic County and 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.
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 | $400,700 |
|---|---|
| Median year built | 1963 |
| Owner-occupied share | 78% |
| 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)