Home Insurance in Martin, Michigan
The median home value in Martin is $176,000, 34% lower than the Allegan County median.
Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. The median home in Martin was built in 1939 or earlier. About 69% of homes were built before 1960, about 41 points above Allegan County's 28%.
Housing in Martin breaks down to 89% single-family homes, 9% apartments in buildings with 5+ units and 1% mobile or manufactured homes.
In Martin, about 54% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
The vacancy rate is 6%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 81% of occupied homes in Martin are owner-occupied.
91% of homes in Martin are primarily heated with natural gas.
FEMA rates Allegan County's overall risk as Relatively Low, led by strong wind (Relatively High). Allegan County had 184 active NFIP flood policies as of September 2026. See the full Allegan 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 Michigan carries a statewide average premium of $1,110 per year.
Key figures
| Median home value | $176,000 |
|---|---|
| Median year built | 1939 or earlier |
| Owner-occupied share | 81% |
| Share of owner-occupied homes with a mortgage | 54% |
| Top county hazard | Strong Wind (Relatively High) |
| Active NFIP policies in Allegan County | 184 |
| Home insurance premium | $1,110 - 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)