Home Insurance in Gadsden, Alabama
The median home value in Gadsden is $116,800, 30% lower than the Etowah County median.
Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. The typical home in Gadsden was built around 1959. About 51% of homes were built before 1960, about 23 points above Etowah County's 28%.
In Gadsden, the housing stock is 77% single-family homes, 12% apartments in buildings with 5+ units and 3% mobile or manufactured homes.
About 39% of owner-occupied homes in Gadsden have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Gadsden has an owner-occupancy rate of 56% and a vacancy rate of 23%; unoccupied homes typically need a different coverage form.
Most homes in Gadsden - 54% - are primarily heated with electricity.
Etowah County's top FEMA-rated hazard is tornado (Relatively High), per FEMA's National Risk Index. Etowah County had 234 active NFIP flood policies as of September 2026. See the full Etowah 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 | $116,800 |
|---|---|
| Median year built | 1959 |
| Owner-occupied share | 56% |
| Share of owner-occupied homes with a mortgage | 39% |
| Top county hazard | Tornado (Relatively High) |
| Active NFIP policies in Etowah County | 234 |
| 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)