Home Insurance in Albany, Kentucky
The median home value in Albany is $111,100, 9% lower than the Clinton County median.
The typical home in Albany was built around 1974. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. About 28% of homes were built before 1960, about 5 points above Clinton County's 22%.
Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Albany is 61% single-family homes, 8% apartments in buildings with 5+ units and 21% mobile or manufactured homes. The rest are 2-4 unit or other housing types.
About 29% of owner-occupied homes in Albany have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Albany has an owner-occupancy rate of 41% and a vacancy rate of 20%; unoccupied homes typically need a different coverage form.
Most homes in Albany - 75% - are primarily heated with electricity. Homes heated with propane and wood can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.
FEMA rates Clinton County's overall risk as Very Low, led by winter weather (Relatively Low). Clinton County had 6 active NFIP flood policies as of September 2026. See the full Clinton 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 Kentucky carries a statewide average premium of $1,525 per year.
Key figures
| Median home value | $111,100 |
|---|---|
| Median year built | 1974 |
| Owner-occupied share | 41% |
| Share of owner-occupied homes with a mortgage | 29% |
| Top county hazard | Winter Weather (Relatively Low) |
| Active NFIP policies in Clinton County | 6 |
| Home insurance premium | $1,525 - 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)