Home Insurance in Waterford, New York
The median home value in Waterford is $157,500, 55% lower than the Saratoga County median.
Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. The median home in Waterford was built in 1939 or earlier. About 87% of homes were built before 1960, about 63 points above Saratoga County's 23%.
Housing in Waterford breaks down to 33% single-family homes and 6% apartments in buildings with 5+ units. The rest are 2-4 unit or other housing types.
In Waterford, about 39% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Waterford has an owner-occupancy rate of 54% and a vacancy rate of 8%; unoccupied homes typically need a different coverage form.
82% of homes in Waterford are primarily heated with natural gas.
Saratoga County's top FEMA-rated hazard is inland flooding (Relatively Moderate), per FEMA's National Risk Index. Saratoga County had 698 active NFIP flood policies as of September 2026. See the full Saratoga 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 | $157,500 |
|---|---|
| Median year built | 1939 or earlier |
| Owner-occupied share | 54% |
| Share of owner-occupied homes with a mortgage | 39% |
| Top county hazard | Inland Flooding (Relatively Moderate) |
| Active NFIP policies in Saratoga County | 698 |
| 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)