Home Insurance in Mountain Lake Park, Maryland
Homes in Mountain Lake Park carry a median value of $216,100 - 8% lower than the Garrett County median.
The typical home in Mountain Lake Park was built around 1977. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. About 24% of homes were built before 1960, about 2 points above Garrett County's 22%.
Housing in Mountain Lake Park breaks down to 81% single-family homes and 15% apartments in buildings with 5+ units.
In Mountain Lake Park, about 68% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Mountain Lake Park has an owner-occupancy rate of 64% and a vacancy rate of 8%; unoccupied homes typically need a different coverage form.
In Mountain Lake Park, 46% of homes are primarily heated with electricity. Homes heated with wood can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.
What's the biggest home insurance risk near Mountain Lake Park? FEMA's National Risk Index points to winter weather (Relatively Moderate) in Garrett County and Garrett County had 74 active NFIP flood policies as of September 2026. See the full Garrett 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 | $216,100 |
|---|---|
| Median year built | 1977 |
| Owner-occupied share | 64% |
| Share of owner-occupied homes with a mortgage | 68% |
| Top county hazard | Winter Weather (Relatively Moderate) |
| Active NFIP policies in Garrett County | 74 |
| 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)