Home Insurance in Downey, California
The median home value in Downey is $796,600, close to the Los Angeles 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 Downey was built around 1959. About 54% of homes were built before 1960, about 11 points above Los Angeles County's 43%.
Housing in Downey breaks down to 63% single-family homes, 31% apartments in buildings with 5+ units and 1% mobile or manufactured homes.
In Downey, about 68% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Downey has an owner-occupancy rate of 51% and a vacancy rate of 3%; unoccupied homes typically need a different coverage form.
66% of homes in Downey are primarily heated with natural gas.
Los Angeles County had 12,157 active NFIP flood policies as of September 2026. Its top FEMA-rated hazard is inland flooding (Very High). See the full Los Angeles County home insurance overview for all FEMA hazard ratings and flood coverage details. Flood damage is excluded from a standard homeowners policy.
According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in California carries a statewide average premium of $1,655 per year.
Key figures
| Median home value | $796,600 |
|---|---|
| Median year built | 1959 |
| Owner-occupied share | 51% |
| Share of owner-occupied homes with a mortgage | 68% |
| Top county hazard | Inland Flooding (Very High) |
| Active NFIP policies in Los Angeles County | 12,157 |
| Home insurance premium | $1,655 - 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)