Home Insurance in New York, New York
Homes in New York carry a median value of $777,600 - 14% lower than the Kings County median.
The typical home in New York was built around 1952. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. About 60% of homes were built before 1960, about 6 points below Kings County's 66%.
In New York, the housing stock is 16% single-family homes and 62% apartments in buildings with 5+ units. The rest are 2-4 unit or other housing types.
56% of owner-occupied homes in New York carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
New York has an owner-occupancy rate of 33% and a vacancy rate of 9%; unoccupied homes typically need a different coverage form.
Homes heated with fuel oil can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies. In New York, 64% of homes are primarily heated with natural gas.
Kings County had 18,598 active NFIP flood policies as of September 2026. Its top FEMA-rated hazard is winter weather (Very High). See the full Kings County home insurance overview for all FEMA hazard ratings and flood coverage details.
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 | $777,600 |
|---|---|
| Median year built | 1952 |
| Owner-occupied share | 33% |
| Share of owner-occupied homes with a mortgage | 56% |
| Top county hazard | Winter Weather (Very High) |
| Active NFIP policies in Kings County | 18,598 |
| Home insurance premium | $1,801 - statewide average (NAIC, 2023 data) |
Nearby towns
- Cedarhurst
- Valley Stream
- Atlantic Beach
- Lawrence
- Woodsburgh
- Hewlett Neck
- South Floral Park
- Floral Park
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)