Home Insurance in Lexington-Fayette, Kentucky
The median home value in Lexington-Fayette is $293,500, close to the Fayette County median.
The typical home in Lexington-Fayette was built around 1984. About 18% of homes were built before 1960, in line with Fayette County (18%). Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.
Housing in Lexington-Fayette breaks down to 65% single-family homes, 26% apartments in buildings with 5+ units and 1% mobile or manufactured homes.
68% of owner-occupied homes in Lexington-Fayette carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
About 54% of occupied homes in Lexington-Fayette are owner-occupied. The vacancy rate is 6%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
57% of homes in Lexington-Fayette are primarily heated with electricity.
What's the biggest home insurance risk near Lexington-Fayette? FEMA's National Risk Index points to tornado (Relatively High) in Fayette County and Fayette County had 408 active NFIP flood policies as of September 2026. See the full Fayette 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 Kentucky is $1,525 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $293,500 |
|---|---|
| Median year built | 1984 |
| Owner-occupied share | 54% |
| Share of owner-occupied homes with a mortgage | 68% |
| Top county hazard | Tornado (Relatively High) |
| Active NFIP policies in Fayette County | 408 |
| 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)