Home Insurance in Oak Grove, Arkansas
With a median home value of $166,400, Oak Grove is 21% lower than the Carroll County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Oak Grove was built around 1976. About 26% of homes were built before 1960, about 11 points above Carroll County's 15%.
The housing stock in Oak Grove is 73% 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.
31% of owner-occupied homes in Oak Grove carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Oak Grove has an owner-occupancy rate of 62% and a vacancy rate of 26%; unoccupied homes typically need a different coverage form.
47% of homes in Oak Grove are primarily heated with electricity. Homes heated with propane and wood can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.
Carroll County's top FEMA-rated hazard is tornado (Relatively Moderate), per FEMA's National Risk Index. Carroll County had 7 active NFIP flood policies as of September 2026. See the full Carroll County home insurance overview for all FEMA hazard ratings and flood coverage details.
According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in Arkansas carries a statewide average premium of $1,870 per year.
Key figures
| Median home value | $166,400 |
|---|---|
| Median year built | 1976 |
| Owner-occupied share | 62% |
| Share of owner-occupied homes with a mortgage | 31% |
| Top county hazard | Tornado (Relatively Moderate) |
| Active NFIP policies in Carroll County | 7 |
| Home insurance premium | $1,870 - 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)