Home Insurance in Martin, Louisiana
Homes in Martin carry a median value of $179,200 - 50% higher than the Red River Parish median.
The typical home in Martin was built around 1978. About 19% of homes were built before 1960, about 9 points above Red River Parish's 10%. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing.
Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Martin is 71% single-family homes and 29% mobile or manufactured homes.
In Martin, about 36% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Martin has an owner-occupancy rate of 93% and a vacancy rate of 12%; unoccupied homes typically need a different coverage form.
Homes heated with propane can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies. In Martin, 49% of homes are primarily heated with electricity.
What's the biggest home insurance risk near Martin? FEMA's National Risk Index points to strong wind (Relatively Moderate) in Red River Parish and Red River Parish had 41 active NFIP flood policies as of September 2026. See the full Red River Parish home insurance overview for all FEMA hazard ratings and flood coverage details.
According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in Louisiana carries a statewide average premium of $3,027 per year.
Key figures
| Median home value | $179,200 |
|---|---|
| Median year built | 1978 |
| Owner-occupied share | 93% |
| Share of owner-occupied homes with a mortgage | 36% |
| Top county hazard | Strong Wind (Relatively Moderate) |
| Active NFIP policies in Red River Parish | 41 |
| 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)