Home Insurance in Martin, Kentucky
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Martin was built around 1975. About 19% of homes were built before 1960, about 1 point below Floyd County's 20%.
Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Martin is 33% single-family homes, 25% apartments in buildings with 5+ units and 8% mobile or manufactured homes. The rest are 2-4 unit or other housing types.
About 33% of owner-occupied homes in Martin have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
About 30% of occupied homes in Martin are owner-occupied. The vacancy rate is 21%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
52% of homes in Martin are primarily heated with electricity.
FEMA rates Floyd County's overall risk as Relatively Moderate, led by inland flooding (Relatively High). Floyd County had 436 active NFIP flood policies as of September 2026. See the full Floyd County home insurance overview for all FEMA hazard ratings and flood coverage details. Flood damage is excluded from a standard homeowners policy.
In Kentucky, the statewide average premium for a standard HO-3 homeowners policy is $1,525 per year (NAIC, 2023 data).
Key figures
| Median year built | 1975 |
|---|---|
| Owner-occupied share | 30% |
| Share of owner-occupied homes with a mortgage | 33% |
| Top county hazard | Inland Flooding (Relatively High) |
| Active NFIP policies in Floyd County | 436 |
| 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)