Home Insurance in Richmond County, New York
With a median home value of $675,500, Richmond County is 59% higher than the New York median.
The typical home in Richmond County was built around 1974. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. About 31% of homes were built before 1960, about 21 points below New York's 52%.
The housing stock in Richmond County is 60% single-family homes and 13% apartments in buildings with 5+ units. The rest are 2-4 unit or other housing types.
In Richmond County, about 65% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
About 68% of occupied homes in Richmond County are owner-occupied. The vacancy rate is 7%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
85% of homes in Richmond County are primarily heated with natural gas.
The top hazards for Richmond County, per FEMA's National Risk Index, are strong wind (Relatively High), inland flooding (Relatively Moderate) and earthquake (Relatively Moderate). Standard homeowners policies exclude earthquake, so separate coverage is usually needed.
Richmond County had 5,998 active National Flood Insurance Program policies as of September 2026. Standard homeowners insurance does not cover flood damage, so flood coverage needs a separate NFIP or private flood policy.
The statewide average premium for a standard HO-3 homeowners policy in New York is $1,801 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $675,500 |
|---|---|
| Median year built | 1974 |
| Owner-occupied share | 68% |
| Share of owner-occupied homes with a mortgage | 65% |
| Top hazards (FEMA National Risk Index) | Strong Wind (Relatively High), Inland Flooding (Relatively Moderate), Earthquake (Relatively Moderate) |
| Active NFIP flood policies (county) | 5,998 |
| Home insurance premium | $1,801 - statewide average (NAIC, 2023 data) |
Sources
- 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)