Home Insurance in Greenfield, Massachusetts
The median home value in Greenfield is $263,100, 20% lower than the Franklin County median.
The typical home in Greenfield was built around 1947. About 64% of homes were built before 1960, about 16 points above Franklin County's 48%. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.
In Greenfield, the housing stock is 55% single-family homes and 17% apartments in buildings with 5+ units. The rest are 2-4 unit or other housing types.
About 63% of owner-occupied homes in Greenfield have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Greenfield has an owner-occupancy rate of 56% and a vacancy rate of 6%; 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. 42% of homes in Greenfield are primarily heated with natural gas.
FEMA rates Franklin County's overall risk as Relatively Low, led by hurricane (Relatively Low). Franklin County had 160 active NFIP flood policies as of September 2026. See the full Franklin 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 Massachusetts is $2,134 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $263,100 |
|---|---|
| Median year built | 1947 |
| Owner-occupied share | 56% |
| Share of owner-occupied homes with a mortgage | 63% |
| Top county hazard | Hurricane (Relatively Low) |
| Active NFIP policies in Franklin County | 160 |
| Home insurance premium | $2,134 - 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)