Home Insurance in Madrid, Alabama
With a median home value of $122,500, Madrid is 33% lower than the Houston County median.
The typical home in Madrid was built around 1994. About 16% of homes were built before 1960, about 2 points above Houston County's 14%. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.
In Madrid, the housing stock is 71% single-family homes and 27% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
About 43% of owner-occupied homes in Madrid have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Madrid has an owner-occupancy rate of 85% and a vacancy rate of 24%; unoccupied homes typically need a different coverage form.
89% of homes in Madrid are primarily heated with electricity.
Houston County had 324 active NFIP flood policies as of September 2026. Its top FEMA-rated hazard is tornado (Relatively High). See the full Houston 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 | $122,500 |
|---|---|
| Median year built | 1994 |
| Owner-occupied share | 85% |
| Share of owner-occupied homes with a mortgage | 43% |
| Top county hazard | Tornado (Relatively High) |
| Active NFIP policies in Houston County | 324 |
| 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)