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Flood insurance cost · ZIP 08204 · NJ

Flood insurance cost in ZIP 08204 (Cape May, NJ)

What homeowners with a National Flood Insurance Program policy actually pay, from FEMA's records of 1,787 home policies in force on August 31, 2026.

ZIP code 08204 (Cape May, NJ)Policies in force on Aug 31, 2026

Median annual cost of NFIP flood insurance for a home

$1,322a year

Half of insured homes paid between $1,084 and $1,694. That is 4% less than the Cape May County median ($1,371). Most insured homes here are rated in zone AE (68%).

$0$1,084 · $1,322 · $1,694$2,118
+10.5% vs Aug 31, 2025 (median $1,196)
1,787home policies in force
$1,497average cost (mean)
69%of insured homes in high-risk zones (A, V)
$250,000median building coverage

This is what policyholders paid, not a quote. Two neighbors can pay very different prices: NFIP prices depend on the building (elevation, foundation, number of floors, replacement cost), the coverage and deductible chosen and the distance to water (FEMA FloodSmart: premium factors). For a price for your building, ask an insurance agent. Private flood insurance is not included in these figures.

Cost by flood zone in ZIP code 08204

The flood zone on FEMA's map is one of the main price factors. Median and middle half of what insured homes paid, by the zone used to rate the policy.

Flood zoneMedianMiddle half (25th–75th percentile)AveragePoliciesvs last year
Zone AE
High risk		$1,419$1,083–$1,948$1,6091,223 (68%)+10.7%
Zone X
Moderate to low risk		$1,268$1,084–$1,429$1,254561 (31%)+9.8%

Not shown (fewer than 10 home policies): VE, A, AO, AH, A99/AR, D. Shares are of all insured homes; a few policies have no rated zone. "vs last year" compares medians with policies in force a year earlier.

Cost by type of building

All NFIP policies in force in ZIP code 08204, by what they insure.

Type of buildingPoliciesMedianAverage
Single-family home1,614$1,336$1,512
2–4 unit building78$1,516$1,822
Condo or apartment unit92$848$962
Whole residential building (5+ units or condo association)
One policy covers the whole building, so the cost is much higher than for a single home.		175$3,144$4,390
Non-residential building or unit
Businesses, churches, farm buildings and other non-residential property.		134$3,472$4,222

Not shown (fewer than 10 policies): manufactured (mobile) home.

2,096NFIP policies in force, any building
3,050insured units (condo association policies count every unit)
74%of home policies also cover contents
$100,000median contents coverage, when bought

One year on: ZIP code 08204

Policies in force on August 31, 2026 compared with a year earlier. Nationwide, practically all policies in both years carry FEMA's Risk Rating 2.0 occupancy codes, so both years use the same pricing system. The policies are not the same: some were new, some lapsed.

Aug 31, 2025Aug 31, 2026Change
Home policies in force1,8671,787−4.3%
Median annual cost$1,196$1,322+10.5%
Average annual cost$1,369$1,497+9.3%
All policies in force (any building)2,1902,096−4.3%

Flood claims history

Since 1978, NFIP policyholders in ZIP 08204 have filed 1,482 flood claims. 1,183 received a payment, for a total of $12.2 million (an average of $10,292 per paid claim). The year with the most claims was 1985 (429 claims). Amounts are in dollars of the time, not adjusted for inflation.

02004006008001979: 48 claims, 34 paid, $28,536 in total1980: 228 claims, 197 paid, $674,307 in total198019801984: 117 claims, 83 paid, $425,456 in total1985: 429 claims, 382 paid, $3,363,041 in total19851987: 23 claims, 18 paid, $217,580 in total19901991: 22 claims, 19 paid, $247,702 in total1992: 288 claims, 245 paid, $2,651,480 in total19921994: 35 claims, 25 paid, $257,336 in total1998: 33 claims, 25 paid, $312,430 in total20002009: 17 claims2010: 13 claims20102011: 21 claims, 11 paid, $166,974 in total2012: 103 claims, 71 paid, $2,238,852 in total2016: 17 claims, 13 paid, $648,893 in total2020
Flood claims per year of loss, 1978–2026. Years with fewer than 10 claims are left blank. Hover a bar for details.
All years with at least 10 claims (14)

Swipe the table sideways to see all columns.

Year of lossClaimsPaid claimsTotal paidAverage per paid claim
20161713$648,893$49,915
201210371$2,238,852$31,533
20112111$166,974$15,179
201013<10––
200917<10––
19983325$312,430$12,497
19943525$257,336$10,293
1992288245$2,651,480$10,822
19912219$247,702$13,037
19872318$217,580$12,088
1985429382$3,363,041$8,804
198411783$425,456$5,126
1980228197$674,307$3,423
19794834$28,536$839

From 2016 to 2026: 17 claims (counting only years with at least 10). 2026 is a partial year. Claims are counted where the insured property is; they include buildings and contents, homes and businesses.

NFIP communities in this ZIP code

Cape May (1,152 home policies) · Lower (373 home policies) · West Cape May (248 home policies) · Middle (12 home policies). A ZIP code can cross city and county lines; each policy is counted once, in the ZIP code reported for the insured building.