Home Insurance in Watervliet, New York
The median home value in Watervliet is $179,700, 39% lower than the Albany County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The median home in Watervliet was built in 1939 or earlier. About 73% of homes were built before 1960, about 28 points above Albany County's 46%.
The housing stock in Watervliet is 27% single-family homes and 18% apartments in buildings with 5+ units. The rest are 2-4 unit or other housing types.
In Watervliet, about 63% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
The vacancy rate is 10%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 35% of occupied homes in Watervliet are owner-occupied.
72% of homes in Watervliet are primarily heated with natural gas.
FEMA rates Albany County's overall risk as Relatively Moderate, led by inland flooding (Relatively Moderate). 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 | $179,700 |
|---|---|
| Median year built | 1939 or earlier |
| Owner-occupied share | 35% |
| Share of owner-occupied homes with a mortgage | 63% |
| 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)