Home Insurance in Friendship, Arkansas
The median home value in Friendship is $163,800, 8% higher than the Hot Spring County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Friendship was built around 1980. About 23% of homes were built before 1960, about 4 points above Hot Spring County's 19%.
Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Friendship is 70% single-family homes and 30% mobile or manufactured homes.
About 22% of owner-occupied homes in Friendship have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Friendship has an owner-occupancy rate of 70% and a vacancy rate of 17%; unoccupied homes typically need a different coverage form.
Homes heated with propane can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies. Most homes in Friendship - 53% - are primarily heated with natural gas.
FEMA rates Hot Spring County's overall risk as Relatively Low, led by strong wind (Relatively Moderate). Hot Spring County had 48 active NFIP flood policies as of September 2026. See the full Hot Spring 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 Arkansas is $1,870 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $163,800 |
|---|---|
| Median year built | 1980 |
| Owner-occupied share | 70% |
| Share of owner-occupied homes with a mortgage | 22% |
| Top county hazard | Strong Wind (Relatively Moderate) |
| Active NFIP policies in Hot Spring County | 48 |
| 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)