Home Insurance in Peapack and Gladstone, New Jersey
The median home value in Peapack and Gladstone is $868,800, 57% higher than the Somerset County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Peapack and Gladstone was built around 1970. About 42% of homes were built before 1960, about 18 points above Somerset County's 24%.
Housing in Peapack and Gladstone breaks down to 98% single-family homes.
About 63% of owner-occupied homes in Peapack and Gladstone have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
About 80% of occupied homes in Peapack and Gladstone are owner-occupied. The vacancy rate is 5%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
Homes heated with fuel oil can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies. In Peapack and Gladstone, 51% of homes are primarily heated with natural gas.
Somerset County had 1,732 active NFIP flood policies as of September 2026. Its top FEMA-rated hazard is inland flooding (Relatively High). See the full Somerset County home insurance overview for all FEMA hazard ratings and flood coverage details. Flood damage is excluded from a standard homeowners policy.
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 | $868,800 |
|---|---|
| Median year built | 1970 |
| Owner-occupied share | 80% |
| Share of owner-occupied homes with a mortgage | 63% |
| Top county hazard | Inland Flooding (Relatively High) |
| Active NFIP policies in Somerset County | 1,732 |
| 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)