Home Insurance in Mill Neck, New York
With a median home value of $1,368,800, Mill Neck is 100% higher than the Nassau County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Mill Neck was built around 1959. About 52% of homes were built before 1960, about 15 points below Nassau County's 66%.
Housing in Mill Neck breaks down to 100% single-family homes.
About 59% of owner-occupied homes in Mill Neck have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
The vacancy rate is 7%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 85% of occupied homes in Mill Neck are owner-occupied.
Most homes in Mill Neck - 57% - are primarily heated with fuel oil. Homes heated with fuel oil can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.
What's the biggest home insurance risk near Mill Neck? FEMA's National Risk Index points to winter weather (Very High) in Nassau County and 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.
According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in New York carries a statewide average premium of $1,801 per year.
Key figures
| Median home value | $1,368,800 |
|---|---|
| Median year built | 1959 |
| Owner-occupied share | 85% |
| 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
- Bayville
- Matinecock
- Lattingtown
- Centre Island
- Upper Brookville
- Oyster Bay Cove
- Cove Neck
- Old Brookville
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)