Home Insurance in Gratz, Kentucky
Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. The median home in Gratz was built in 1939 or earlier. About 71% of homes were built before 1960, about 54 points above Owen County's 17%.
The housing stock in Gratz is 100% single-family homes.
10% of owner-occupied homes in Gratz carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
All occupied homes in Gratz are owner-occupied. The vacancy rate is 34%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
Homes heated with propane and wood can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies. 51% of homes in Gratz are primarily heated with propane.
Owen County's top FEMA-rated hazard is tornado (Relatively Low), per FEMA's National Risk Index. Owen County had 33 active NFIP flood policies as of September 2026. See the full Owen County home insurance overview for all FEMA hazard ratings and flood coverage details.
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 | 1939 or earlier |
|---|---|
| Owner-occupied share | 100% |
| Share of owner-occupied homes with a mortgage | 10% |
| Top county hazard | Tornado (Relatively Low) |
| Active NFIP policies in Owen County | 33 |
| 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)