Home Insurance in Hallowell, Maine
With a median home value of $295,300, Hallowell is 24% higher than the Kennebec County median.
The median home in Hallowell was built in 1939 or earlier. About 64% of homes were built before 1960, about 30 points above Kennebec County's 34%. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild.
Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Hallowell is 51% single-family homes, 27% apartments in buildings with 5+ units and 3% mobile or manufactured homes. The rest are 2-4 unit or other housing types.
In Hallowell, about 58% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Hallowell has an owner-occupancy rate of 58% and a vacancy rate of 11%; unoccupied homes typically need a different coverage form.
Homes heated with propane, fuel oil and wood can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies. In Hallowell, 42% of homes are primarily heated with fuel oil.
Kennebec County's top FEMA-rated hazard is winter weather (Very High), per FEMA's National Risk Index. Kennebec County had 304 active NFIP flood policies as of September 2026. See the full Kennebec County home insurance overview for all FEMA hazard ratings and flood coverage details.
The statewide average premium for a standard HO-3 homeowners policy in Maine is $1,150 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $295,300 |
|---|---|
| Median year built | 1939 or earlier |
| Owner-occupied share | 58% |
| Share of owner-occupied homes with a mortgage | 58% |
| Top county hazard | Winter Weather (Very High) |
| Active NFIP policies in Kennebec County | 304 |
| Home insurance premium | $1,150 - 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)