Home Insurance in Prescott, Arkansas
The median home value in Prescott is $82,400, close to the Nevada County median.
The typical home in Prescott was built around 1979. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. About 25% of homes were built before 1960, about 8 points above Nevada County's 18%.
The housing stock in Prescott is 71% single-family homes, 5% apartments in buildings with 5+ units and 23% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
About 65% of owner-occupied homes in Prescott have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Prescott has an owner-occupancy rate of 55% and a vacancy rate of 25%; unoccupied homes typically need a different coverage form.
74% of homes in Prescott are primarily heated with natural gas.
FEMA rates Nevada County's overall risk as Very Low, led by hail (Relatively Low). Nevada County had 6 active NFIP flood policies as of September 2026. See the full Nevada 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 | $82,400 |
|---|---|
| Median year built | 1979 |
| Owner-occupied share | 55% |
| Share of owner-occupied homes with a mortgage | 65% |
| Top county hazard | Hail (Relatively Low) |
| Active NFIP policies in Nevada County | 6 |
| 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)