Home Insurance in Garwood, New Jersey
The median home value in Garwood is $533,300, close to the Union County median.
The typical home in Garwood was built around 1953. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. About 69% of homes were built before 1960, about 11 points above Union County's 58%.
The housing stock in Garwood is 51% single-family homes and 17% apartments in buildings with 5+ units. The rest are 2-4 unit or other housing types.
In Garwood, about 70% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Garwood has an owner-occupancy rate of 54% and a vacancy rate of 2%; unoccupied homes typically need a different coverage form.
81% of homes in Garwood are primarily heated with natural gas.
What's the biggest home insurance risk near Garwood? FEMA's National Risk Index points to strong wind (Very High) in Union County and Union County had 4,341 active NFIP flood policies as of September 2026. See the full Union 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 | $533,300 |
|---|---|
| Median year built | 1953 |
| Owner-occupied share | 54% |
| Share of owner-occupied homes with a mortgage | 70% |
| Top county hazard | Strong Wind (Very High) |
| Active NFIP policies in Union County | 4,341 |
| 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)