Home Insurance in Townsend, Delaware
The median home value in Townsend is $465,100, 32% higher than the New Castle County median.
The typical home in Townsend was built around 2006. About 7% of homes were built before 1960, about 23 points below New Castle County's 30%. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild.
In Townsend, the housing stock is 99% single-family homes.
About 85% of owner-occupied homes in Townsend have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
The vacancy rate is 1%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 93% of occupied homes in Townsend are owner-occupied.
Most homes in Townsend - 78% - are primarily heated with natural gas.
New Castle County's top FEMA-rated hazard is winter weather (Very High), per FEMA's National Risk Index. New Castle County had 2,537 active NFIP flood policies as of September 2026. See the full New Castle 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 Delaware is $1,196 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $465,100 |
|---|---|
| Median year built | 2006 |
| Owner-occupied share | 93% |
| Share of owner-occupied homes with a mortgage | 85% |
| Top county hazard | Winter Weather (Very High) |
| Active NFIP policies in New Castle County | 2,537 |
| Home insurance premium | $1,196 - 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)