Home Insurance in Green Island, New York
Homes in Green Island carry a median value of $138,300 - 53% lower than the Albany County median.
Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. The median home in Green Island was built in 1939 or earlier. About 63% of homes were built before 1960, about 18 points above Albany County's 46%.
Housing in Green Island breaks down to 20% single-family homes and 19% apartments in buildings with 5+ units. The rest are 2-4 unit or other housing types.
48% of owner-occupied homes in Green Island carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
About 24% of occupied homes in Green Island are owner-occupied. The vacancy rate is 10%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
Homes heated with propane can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies. 68% of homes in Green Island are primarily heated with natural gas.
What's the biggest home insurance risk near Green Island? FEMA's National Risk Index points to inland flooding (Relatively Moderate) in Albany County and Albany County had 685 active NFIP flood policies as of September 2026. See the full Albany County home insurance overview for all FEMA hazard ratings and flood coverage details. Flood damage is excluded from a standard homeowners policy.
In New York, the statewide average premium for a standard HO-3 homeowners policy is $1,801 per year (NAIC, 2023 data).
Key figures
| Median home value | $138,300 |
|---|---|
| Median year built | 1939 or earlier |
| Owner-occupied share | 24% |
| Share of owner-occupied homes with a mortgage | 48% |
| Top county hazard | Inland Flooding (Relatively Moderate) |
| Active NFIP policies in Albany County | 685 |
| Home insurance premium | $1,801 - 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)