Home Insurance in Lake Park, Georgia
With a median home value of $258,100, Lake Park is 20% higher than the Lowndes County median.
The typical home in Lake Park was built around 2005. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. About 9% of homes were built before 1960, about 1 point below Lowndes County's 10%.
Housing in Lake Park breaks down to 71% single-family homes and 22% apartments in buildings with 5+ units.
71% of owner-occupied homes in Lake Park carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
About 59% of occupied homes in Lake Park are owner-occupied. The vacancy rate is 13%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
98% of homes in Lake Park are primarily heated with electricity.
Lowndes County's top FEMA-rated hazard is hurricane (Relatively Moderate), per FEMA's National Risk Index. Lowndes County had 388 active NFIP flood policies as of September 2026. See the full Lowndes County home insurance overview for all FEMA hazard ratings and flood coverage details.
According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in Georgia carries a statewide average premium of $1,828 per year.
Key figures
| Median home value | $258,100 |
|---|---|
| Median year built | 2005 |
| Owner-occupied share | 59% |
| Share of owner-occupied homes with a mortgage | 71% |
| Top county hazard | Hurricane (Relatively Moderate) |
| Active NFIP policies in Lowndes County | 388 |
| Home insurance premium | $1,828 - 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)