Home Insurance in Malverne, New York
Homes in Malverne carry a median value of $651,100 - close to the Nassau County median.
The typical home in Malverne was built around 1941. About 87% of homes were built before 1960, about 21 points above Nassau County's 66%. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.
In Malverne, the housing stock is 95% single-family homes and 2% apartments in buildings with 5+ units.
About 59% of owner-occupied homes in Malverne have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
The vacancy rate is 5%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 96% of occupied homes in Malverne are owner-occupied.
Homes heated with fuel oil can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies. Most homes in Malverne - 81% - are primarily heated with natural gas.
Nassau County's top FEMA-rated hazard is winter weather (Very High), per FEMA's National Risk Index. Nassau County had 40,437 active NFIP flood policies as of September 2026. See the full Nassau 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 | $651,100 |
|---|---|
| Median year built | 1941 |
| Owner-occupied share | 96% |
| Share of owner-occupied homes with a mortgage | 59% |
| Top county hazard | Winter Weather (Very High) |
| Active NFIP policies in Nassau County | 40,437 |
| Home insurance premium | $1,801 - statewide average (NAIC, 2023 data) |
Nearby towns
- Lynbrook
- Valley Stream
- Rockville Centre
- East Rockaway
- Hewlett Harbor
- South Floral Park
- Stewart Manor
- Hempstead
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)