Home Insurance in Cheverly, Maryland
Homes in Cheverly carry a median value of $470,700 - 10% higher than the Prince George's County median.
The typical home in Cheverly was built around 1955. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. About 59% of homes were built before 1960, about 37 points above Prince George's County's 21%.
Housing in Cheverly breaks down to 81% single-family homes and 15% apartments in buildings with 5+ units.
About 68% of owner-occupied homes in Cheverly have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Cheverly has an owner-occupancy rate of 72% and a vacancy rate of 2%; unoccupied homes typically need a different coverage form.
Most homes in Cheverly - 61% - are primarily heated with natural gas. Homes heated with fuel oil can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.
FEMA rates Prince George's County's overall risk as Relatively Moderate, led by winter weather (Very High). Prince George's County had 3,150 active NFIP flood policies as of September 2026. See the full Prince George's 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 Maryland is $1,578 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $470,700 |
|---|---|
| Median year built | 1955 |
| Owner-occupied share | 72% |
| Share of owner-occupied homes with a mortgage | 68% |
| Top county hazard | Winter Weather (Very High) |
| Active NFIP policies in Prince George's County | 3,150 |
| Home insurance premium | $1,578 - statewide average (NAIC, 2023 data) |
Nearby towns
- Bladensburg
- Landover Hills
- Colmar Manor
- Fairmount Heights
- Edmonston
- Cottage City
- Seat Pleasant
- North Brentwood
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)