Home Insurance in Carroll County, Maryland
The median home value in Carroll County is $434,000, close to the Maryland median.
The typical home in Carroll County was built around 1983. About 18% of homes were built before 1960, about 8 points below Maryland's 26%. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild.
Housing in Carroll County breaks down to 89% single-family homes, 7% apartments in buildings with 5+ units and 1% mobile or manufactured homes.
72% of owner-occupied homes in Carroll County carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Carroll County has an owner-occupancy rate of 84% and a vacancy rate of 4%; unoccupied homes typically need a different coverage form.
Homes heated with fuel oil can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies. 50% of homes in Carroll County are primarily heated with electricity.
The top hazards for Carroll County, per FEMA's National Risk Index, are strong wind (Relatively High), winter weather (Relatively High) and hurricane (Relatively Low).
Standard homeowners insurance does not cover flood damage, so flood coverage needs a separate NFIP or private flood policy. As of September 2026, Carroll County has 193 active NFIP flood policies on file.
The statewide average premium for a standard HO-3 homeowners policy in Maryland is $1,578 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $434,000 |
|---|---|
| Median year built | 1983 |
| Owner-occupied share | 84% |
| Share of owner-occupied homes with a mortgage | 72% |
| Top hazards (FEMA National Risk Index) | Strong Wind (Relatively High), Winter Weather (Relatively High), Hurricane (Relatively Low) |
| Active NFIP flood policies (county) | 193 |
| Home insurance premium | $1,578 - statewide average (NAIC, 2023 data) |
Towns and cities
Smaller communities
-
Hampstead
- Median home value: $333,000
- Median year built: 1993
- Owner-occupied share: 80%
-
New Windsor
- Median home value: $374,000
- Median year built: 1989
- Owner-occupied share: 90%
Sources
- 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)