Home Insurance in District of Columbia
The median home value in District of Columbia is $737,100.
The typical home in District of Columbia was built around 1958. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. About 52% of homes were built before 1960.
In District of Columbia, the housing stock is 33% single-family homes and 57% apartments in buildings with 5+ units. The rest are 2-4 unit or other housing types.
About 76% of owner-occupied homes in District of Columbia have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
About 42% of occupied homes in District of Columbia are owner-occupied. The vacancy rate is 10%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
48% of homes in District of Columbia are primarily heated with natural gas.
The statewide average premium for a standard HO-3 homeowners policy in District of Columbia is $1,545 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $737,100 |
|---|---|
| Median year built | 1958 |
| Owner-occupied share | 42% |
| Share of owner-occupied homes with a mortgage | 76% |
| Home insurance premium | $1,545 - statewide average (NAIC, 2023 data) |