Home Insurance in Goodwater, Alabama
The median home value in Goodwater is $58,900, 49% lower than the Coosa County median.
The typical home in Goodwater was built around 1980. About 26% of homes were built before 1960, about 11 points above Coosa County's 16%. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild.
In Goodwater, the housing stock is 58% single-family homes, 20% apartments in buildings with 5+ units and 19% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
About 41% of owner-occupied homes in Goodwater have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Goodwater has an owner-occupancy rate of 57% and a vacancy rate of 25%; unoccupied homes typically need a different coverage form.
Most homes in Goodwater - 65% - are primarily heated with electricity. Homes heated with propane can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.
Coosa County's top FEMA-rated hazard is wildfire (Relatively Low), per FEMA's National Risk Index. Coosa County had 18 active NFIP flood policies as of September 2026. See the full Coosa County home insurance overview for all FEMA hazard ratings and flood coverage details.
The statewide average premium for a standard HO-3 homeowners policy in Alabama is $1,906 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $58,900 |
|---|---|
| Median year built | 1980 |
| Owner-occupied share | 57% |
| Share of owner-occupied homes with a mortgage | 41% |
| Top county hazard | Wildfire (Relatively Low) |
| Active NFIP policies in Coosa County | 18 |
| Home insurance premium | $1,906 - 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)