Home Insurance in Somerville, New Jersey
Homes in Somerville carry a median value of $435,700 - 21% lower than the Somerset County median.
The typical home in Somerville was built around 1960. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. About 50% of homes were built before 1960, about 26 points above Somerset County's 24%.
In Somerville, the housing stock is 42% single-family homes and 40% apartments in buildings with 5+ units. The rest are 2-4 unit or other housing types.
79% of owner-occupied homes in Somerville carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
The vacancy rate is 2%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 43% of occupied homes in Somerville are owner-occupied.
Most homes in Somerville - 63% - are primarily heated with natural gas.
Somerset County's top FEMA-rated hazard is inland flooding (Relatively High), per FEMA's National Risk Index. Somerset County had 1,732 active NFIP flood policies as of September 2026. 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.
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 | $435,700 |
|---|---|
| Median year built | 1960 |
| Owner-occupied share | 43% |
| Share of owner-occupied homes with a mortgage | 79% |
| 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)