Home Insurance in Lonaconing, Maryland
With a median home value of $89,400, Lonaconing is 42% lower than the Allegany County median.
The median home in Lonaconing was built in 1939 or earlier. About 79% of homes were built before 1960, about 28 points above Allegany County's 51%. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.
The housing stock in Lonaconing is 80% single-family homes, 11% apartments in buildings with 5+ units and 1% mobile or manufactured homes.
About 32% of owner-occupied homes in Lonaconing have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
The vacancy rate is 20%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 62% of occupied homes in Lonaconing are owner-occupied.
Most homes in Lonaconing - 65% - are primarily heated with natural gas. Homes heated with wood can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.
Allegany County's top FEMA-rated hazard is strong wind (Relatively Moderate), per FEMA's National Risk Index. Allegany County had 161 active NFIP flood policies as of September 2026. See the full Allegany County 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 Maryland carries a statewide average premium of $1,578 per year.
Key figures
| Median home value | $89,400 |
|---|---|
| Median year built | 1939 or earlier |
| Owner-occupied share | 62% |
| Share of owner-occupied homes with a mortgage | 32% |
| Top county hazard | Strong Wind (Relatively Moderate) |
| Active NFIP policies in Allegany County | 161 |
| Home insurance premium | $1,578 - 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)