Home Insurance in Palmer Town, Massachusetts
The median home value in Palmer Town is $271,400, 9% lower than the Hampden County median.
The typical home in Palmer Town was built around 1962. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. About 48% of homes were built before 1960, about 4 points below Hampden County's 52%.
In Palmer Town, the housing stock is 67% single-family homes, 12% apartments in buildings with 5+ units and 5% mobile or manufactured homes. The rest are 2-4 unit or other housing types. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
In Palmer Town, about 63% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Palmer Town has an owner-occupancy rate of 71% and a vacancy rate of 7%; unoccupied homes typically need a different coverage form.
Most homes in Palmer Town - 60% - are primarily heated with fuel oil. Homes heated with propane and fuel oil 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 Palmer Town? FEMA's National Risk Index points to inland flooding (Relatively High) in Hampden County and Hampden County had 615 active NFIP flood policies as of September 2026. See the full Hampden County home insurance overview for all FEMA hazard ratings and flood coverage details. Flood damage is excluded from a standard homeowners policy.
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 | $271,400 |
|---|---|
| Median year built | 1962 |
| Owner-occupied share | 71% |
| Share of owner-occupied homes with a mortgage | 63% |
| Top county hazard | Inland Flooding (Relatively High) |
| Active NFIP policies in Hampden County | 615 |
| Home insurance premium | $2,134 - statewide average (NAIC, 2023 data) |
Nearby towns
- Springfield
- Chicopee
- Amherst Town
- Southbridge Town
- Holyoke
- West Springfield Town
- Easthampton
- Agawam Town
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)