Home Insurance in Gilbert, Louisiana
The median home value in Gilbert is $96,300, 15% lower than the Franklin Parish median.
The typical home in Gilbert was built around 1984. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. About 15% of homes were built before 1960, about 6 points below Franklin Parish's 21%.
Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Gilbert is 54% single-family homes, 4% apartments in buildings with 5+ units and 39% mobile or manufactured homes.
37% of owner-occupied homes in Gilbert carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Gilbert has an owner-occupancy rate of 60% and a vacancy rate of 29%; unoccupied homes typically need a different coverage form.
77% of homes in Gilbert are primarily heated with electricity.
Franklin Parish's top FEMA-rated hazard is hurricane (Relatively Low), per FEMA's National Risk Index. Franklin Parish had 274 active NFIP flood policies as of September 2026. See the full Franklin Parish home insurance overview for all FEMA hazard ratings and flood coverage details.
In Louisiana, the statewide average premium for a standard HO-3 homeowners policy is $3,027 per year (NAIC, 2023 data).
Key figures
| Median home value | $96,300 |
|---|---|
| Median year built | 1984 |
| Owner-occupied share | 60% |
| Share of owner-occupied homes with a mortgage | 37% |
| Top county hazard | Hurricane (Relatively Low) |
| Active NFIP policies in Franklin Parish | 274 |
| Home insurance premium | $3,027 - 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)