Home Insurance in Cherokee Village, Arkansas
With a median home value of $94,600, Cherokee Village is 17% lower than the Fulton County median.
The typical home in Cherokee Village was built around 1975. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. About 7% of homes were built before 1960, about 2 points below Fulton County's 9%.
Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Cherokee Village is 92% single-family homes, 2% apartments in buildings with 5+ units and 5% mobile or manufactured homes.
40% of owner-occupied homes in Cherokee Village carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Cherokee Village has an owner-occupancy rate of 84% and a vacancy rate of 30%; unoccupied homes typically need a different coverage form.
Homes heated with propane and wood can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies. In Cherokee Village, 45% of homes are primarily heated with electricity.
FEMA rates Fulton County's overall risk as Relatively Low, led by earthquake (Relatively Low). Fulton County had 10 active NFIP flood policies as of September 2026. See the full Fulton County home insurance overview for all FEMA hazard ratings and flood coverage details. Earthquake damage is excluded from a standard homeowners policy.
The statewide average premium for a standard HO-3 homeowners policy in Arkansas is $1,870 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $94,600 |
|---|---|
| Median year built | 1975 |
| Owner-occupied share | 84% |
| Share of owner-occupied homes with a mortgage | 40% |
| Top county hazard | Earthquake (Relatively Low) |
| Active NFIP policies in Fulton County | 10 |
| 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)