HomeInsuranceQts

Home Insurance in Mayfield, Kentucky

With a median home value of $112,500, Mayfield is 24% lower than the Graves County median.

Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. The typical home in Mayfield was built around 1966. About 38% of homes were built before 1960, about 14 points above Graves County's 23%.

Housing in Mayfield breaks down to 83% single-family homes, 4% apartments in buildings with 5+ units and 3% mobile or manufactured homes. The rest are 2-4 unit or other housing types.

61% of owner-occupied homes in Mayfield carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.

The vacancy rate is 15%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 62% of occupied homes in Mayfield are owner-occupied.

In Mayfield, 70% of homes are primarily heated with natural gas.

FEMA rates Graves County's overall risk as Relatively Moderate, led by earthquake (Relatively Moderate). Graves County had 66 active NFIP flood policies as of September 2026. See the full Graves County home insurance overview for all FEMA hazard ratings and flood coverage details. Earthquake damage is excluded from a standard homeowners policy.

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$112,500
Median year built1966
Owner-occupied share62%
Share of owner-occupied homes with a mortgage61%
Top county hazardEarthquake (Relatively Moderate)
Active NFIP policies in Graves County66
Home insurance premium$1,525 - statewide average (NAIC, 2023 data)
Key home insurance figures for Mayfield, KY

Nearby towns

Sources

Data last updated: 2026-09-29