Home Insurance in Peoria, Arizona
With a median home value of $463,600, Peoria is close to the Maricopa County median.
The typical home in Peoria was built around 1999. About 1% of homes were built before 1960, about 6 points below Maricopa County's 7%. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild.
Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Peoria is 79% single-family homes, 13% apartments in buildings with 5+ units and 5% mobile or manufactured homes.
In Peoria, about 68% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Peoria has an owner-occupancy rate of 76% and a vacancy rate of 7%; unoccupied homes typically need a different coverage form.
58% of homes in Peoria are primarily heated with electricity.
FEMA rates Maricopa County's overall risk as Very High, led by inland flooding (Very High). Maricopa County had 12,101 active NFIP flood policies as of September 2026. See the full Maricopa County home insurance overview for all FEMA hazard ratings and flood coverage details. Flood damage is excluded from a standard homeowners policy.
The statewide average premium for a standard HO-3 homeowners policy in Arizona is $1,194 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $463,600 |
|---|---|
| Median year built | 1999 |
| Owner-occupied share | 76% |
| Share of owner-occupied homes with a mortgage | 68% |
| Top county hazard | Inland Flooding (Very High) |
| Active NFIP policies in Maricopa County | 12,101 |
| Home insurance premium | $1,194 - 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)