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08823, NJ Homeowners Insurance Rates

With a population size of 9,282 and with 3,702 occupied homes in the 08823 area, our online shopping service is becoming very helpful for homeowners like you. The average home insurance premiums in Franklin Park, NJ are around $924 per year for a standard HO-3 homeowners policy. Wouldn't you love to save up to 40% or more on your next home insurance policy? Our process easily compares the most competitive rates, while including all discounts and credits, plus reviewing all enhanced coverage options. You will find that GetHomeInsuranceQuotes.com is the best place online to shop for home insurance rates in Franklin Park, New Jersey. If you are looking for more affordable rates, let us help you shop and compare your next homeowners policy today. Just enter your zip code to start online comparing, or give us a call at 1-855-976-2656 so we can help you review rates today!

It's important to know that if your New Jersey home may be located in a risk area that is prone to flooding, hurricanes or earthquakes. You may need additional coverage that is not part of your current policy like an HO-3 or HO-2. We can help you review the best protection and coverage options for your home located in Franklin Park, NJ.

For New Jersey home insurance information, including average Franklin Park home insurance rates, coverage options or the different homeowners insurance types, please select Franklin Park, NJ Home Insurance Quotes Now!

08823 Home Insurance Average Premiums

Local 08823 homeowners insurance quotes comparison

$674 /yr.

Shows Zip Code: 08823 lowest rates with discounts applied on average.

For the 08823, homeowners insurance rates may vary on deductible, coverage amount and property details. Below is a list of the averages based on the cost of an annual home insurance premium.

Coverage Amount:Annual Premium
1800 sq. ft. or below
(discounts applied)		$674 /yr.
Average Coverage:$924 /yr.
2600 sq. ft. or higher
(all discounts applied)		$1224 /yr.

What is the average home insurance cost for a home in 08823?

  • • The average homeowners insurance premium paid annually for a home in 08823 is around $924 per year.

What does it cost on average per month for home insurance in 08823?

  • • Homeowners in 08823 pay a monthly average cost per month around $77.00.

What kind of discount could I get if I combine my home and auto insurance together in 08823?

  • • Autoowners in 08823 can receive a 20% to 25% discount if they own a home and would like to group or bundle their car and home insurance together with one insurance company.

For shopping home insurance rates within the Franklin Park area, check out other zip codes nearby 08823.
Review average rates in another zip code:
08823 homeowners insurance rates

Home Replacement Cost Coverage in 08823

Average Building Cost Per Square Foot in 08823: $193

Location: Franklin Park, New Jersey (Somerset County)

Average Square Footage in 08823: 1,368 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 08823 before you start any project. Franklin Park homeowners pay on average around $193 per square foot to build a home. Another great reason to know the average cost to build is for your homeowners insurance policy. A standard homeowners policy will help you cover the replacement cost of your home due a fire or any other named perils on your policy. Calculating your dwelling coverage for your home in 08823 is extremely helpful when estimating how much replacement cost coverage you need. We highly recommend that you have enough dwelling coverage to rebuild your home if it was destroyed by a covered peril.

Here is how you determine your replacement cost. If we take an average home in 08823 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,368 sq. ft. and the average cost to rebuild the home in this area is around $193 per square foot would be considered a base estimate cost. These two numbers would allow us to generate the replacement cost needed for an average size home in the Franklin Park area. If the home is new or has been upgraded, you will want to add $50 to $100 or more per square foot to equally cover the replacement cost to restore a home back to it's original condition.

Home Improvement StatusPrice per Sq. Ft.Square FeetDwelling Coverage
Basic Home Features$1931,368$264,100
Additional Upgrades & Added Features$2411,368$330,125
Major Home Updates or Advancements$2901,368$396,150

It's important to understand that when you estimate your replacement cost of your home in the 08823 zip code area, it will be the cost to replace the structure of your home, not the additional value of the property that is factored in when purchasing a new home.

Best Homeowners Insurance Agencies in 08823

Best Home & Auto Insurance Agencies in 08823

Housing Demographics for 08823

Population Review for 08823 Zip Code

For the city of Franklin Park, the population within 08823 has increased to over 9,612 residents in population size. The current population total is 9,282. We have broken down the population based on race below. In 08823, there are over 4287 in male population and 4995 females.

PopulationValues
Total Population9,282
White Population2695
Black Population2117
Hispanic Population791
Asian Population3499
Hawaiian Population4
Indian Population18
Other Population282
Male Population4287
Female Population4995
Population Estimate9612

Household Data for 08823

The average number of homes in 08823 is around 3,702, there are an average of 2.50 per household. The average house value according to local real estate values is around $264,100. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode3,702
Persons Per Household2.50
Average House Value$264,100
Income Per Household$96110
Median Age40.4
Median Age Male38.0
Median Age Female42.4
08823 DetailsValues
StateNJ
State Full NameNew Jersey
City TypeP
City Alias Abbreviation
Area Code732/848
CityFranklin Park
City Alias NameFRANKLIN PARK
CountySomerset
County FIPS035
State FIPS34
Time Zone5
Day Light SavingY
MSA5602
PMSA5015
CSA408
CBSA35620
CBSA_DIV29484
CBSA_TypeMetro
CBSA_NameNew York-Newark-Jersey City, NY-NJ
MSA_NameNew York-Northern New Jersey-Long Island, NY-NJ-CT-PA
PMSA_NameMiddlesex-Somerset-Hunterdon, NJ PMSA
RegionNortheast
DivisionMiddle Atlantic
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses142
Number Of Employees908
Business First Quarter Payroll8424
Business Annual Payroll42710
Business Employment Flag
Growth Rank0
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number0
Growth Increase Percentage0.0
Metropolitan DetailsValues
CBSA Population18897109
CBSA Division Population2340249
Congressional District12
Congressional LandArea412.23
Delivery Residential3845
Delivery Business113
Delivery Total6900
Preferred Last Line KeyV10506
Classification Code
Multi-County
CSA NameNew York-Newark, NY-NJ-CT-PA
CBSA_DIV_NameLakewood-New Brunswick, NJ
City State KeyV10506
Land Area3.452000
Water Area0.006000
City Alias Code
City Mixed CaseFranklin Park
City Alias Mixed CaseFranklin Park
Box Count66
SFDU821
MFDU0
State ANSI34
County ANSI035
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorY
Carrier Route Rate SortationD
Finance Number332775
Unique ZIP Name
SSA State County Code31350
Medicare CBSA Code35154
Medicare CBSA NameNew Brunswick-Lakewood, NJ
Medicare CBSA TypeMetro
Market Rating Area ID1
County Mixed CaseSomerset

New Jersey Homeowners Insurance News & Information

  • Buy Flood Insurance: What we learned from Hurricane Ida Posted on Monday 20th September, 2021

    On September 2, 2021, Parked cars in New Brunswick, New Jersey submerged underwater after Tropical Storm Ida. Hurricane Ida struck Louisiana as a category 4 hurricane with 150 mile an hour winds and days later hit New Jersey, New York, and other states with a massive amount of rain that has caused numerous flash floods, […]

  • FEMA’s new rating system is called “Risk Rating 2.0,” effective October 1st, 2021 Posted on Wednesday 28th April, 2021

    A recent report by ValuePenguin looked at the new risk ratings that the Federal Emergency Management Agency’s (FEMA) will be using when determining premiums for flood insurance in the National Flood Insurance Program (NFIP). The report found that millions of homeowners could see noticeable increases in flood insurance costs. FEMA’s new rating system is called […]