Home Insurance in Lake Village, Arkansas
The median home value in Lake Village is $133,000, 49% higher than the Chicot County median.
Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. The typical home in Lake Village was built around 1981. About 14% of homes were built before 1960, about 3 points above Chicot County's 11%.
In Lake Village, the housing stock is 70% single-family homes, 10% apartments in buildings with 5+ units and 18% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
About 40% of owner-occupied homes in Lake Village have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Lake Village has an owner-occupancy rate of 56% and a vacancy rate of 22%; unoccupied homes typically need a different coverage form.
54% of homes in Lake Village are primarily heated with electricity.
What's the biggest home insurance risk near Lake Village? FEMA's National Risk Index points to earthquake (Relatively Low) in Chicot County and Chicot County had 163 active NFIP flood policies as of September 2026. See the full Chicot County home insurance overview for all FEMA hazard ratings and flood coverage details. Earthquake damage is excluded from a standard homeowners policy.
In Arkansas, the statewide average premium for a standard HO-3 homeowners policy is $1,870 per year (NAIC, 2023 data).
Key figures
| Median home value | $133,000 |
|---|---|
| Median year built | 1981 |
| Owner-occupied share | 56% |
| Share of owner-occupied homes with a mortgage | 40% |
| Top county hazard | Earthquake (Relatively Low) |
| Active NFIP policies in Chicot County | 163 |
| 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)