Home Insurance in Franklin, Louisiana
Homes in Franklin carry a median value of $104,400 - 25% lower than the St. Mary Parish median.
The typical home in Franklin was built around 1966. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. About 42% of homes were built before 1960, about 18 points above St. Mary Parish's 24%.
Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Franklin is 74% single-family homes, 8% apartments in buildings with 5+ units and 12% mobile or manufactured homes.
35% of owner-occupied homes in Franklin carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
About 61% of occupied homes in Franklin are owner-occupied. The vacancy rate is 19%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
In Franklin, 55% of homes are primarily heated with natural gas.
FEMA rates St. Mary Parish's overall risk as Relatively Moderate, led by hurricane (Relatively High). St. Mary Parish had 2,834 active NFIP flood policies as of September 2026. See the full St. Mary Parish home insurance overview for all FEMA hazard ratings and flood coverage details.
The statewide average premium for a standard HO-3 homeowners policy in Louisiana is $3,027 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $104,400 |
|---|---|
| Median year built | 1966 |
| Owner-occupied share | 61% |
| Share of owner-occupied homes with a mortgage | 35% |
| Top county hazard | Hurricane (Relatively High) |
| Active NFIP policies in St. Mary Parish | 2,834 |
| 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)