Home Insurance in Southbridge Town, Massachusetts
Homes in Southbridge Town carry a median value of $294,800 - 30% lower than the Worcester County median.
The typical home in Southbridge Town was built around 1956. About 55% of homes were built before 1960, about 11 points above Worcester County's 44%. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild.
The housing stock in Southbridge Town is 40% single-family homes and 21% apartments in buildings with 5+ units. The rest are 2-4 unit or other housing types.
About 70% of owner-occupied homes in Southbridge Town have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Southbridge Town has an owner-occupancy rate of 43% 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. In Southbridge Town, 39% of homes are primarily heated with natural gas.
FEMA rates Worcester County's overall risk as Relatively Moderate, led by strong wind (Relatively High). Worcester County had 1,485 active NFIP flood policies as of September 2026. See the full Worcester 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 Massachusetts carries a statewide average premium of $2,134 per year.
Key figures
| Median home value | $294,800 |
|---|---|
| Median year built | 1956 |
| Owner-occupied share | 43% |
| Share of owner-occupied homes with a mortgage | 70% |
| Top county hazard | Strong Wind (Relatively High) |
| Active NFIP policies in Worcester County | 1,485 |
| Home insurance premium | $2,134 - statewide average (NAIC, 2023 data) |
Nearby towns
- Palmer Town
- Worcester
- Springfield
- Chicopee
- Agawam Town
- West Springfield Town
- Marlborough
- Franklin 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)