HomeInsuranceQts

Home Insurance in Oakland County, Michigan

Homes in Oakland County carry a median value of $343,600 - 48% higher than the Michigan median.

The typical home in Oakland County was built around 1975. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. About 28% of homes were built before 1960, about 8 points below Michigan's 36%.

Housing in Oakland County breaks down to 74% single-family homes, 18% apartments in buildings with 5+ units and 3% mobile or manufactured homes.

64% of owner-occupied homes in Oakland County carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.

The vacancy rate is 6%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 73% of occupied homes in Oakland County are owner-occupied.

Most homes in Oakland County - 86% - are primarily heated with natural gas.

Per FEMA's National Risk Index, Oakland County's top hazards are tornado (Very High), strong wind (Very High) and inland flooding (Relatively High).

As of September 2026, Oakland County has 1,433 active NFIP flood insurance policies. Standard homeowners insurance does not cover flood damage, so flood coverage needs a separate NFIP or private flood policy.

The statewide average premium for a standard HO-3 homeowners policy in Michigan is $1,110 per year, according to the NAIC homeowners insurance report (2023 data).

Key figures

Median home value$343,600
Median year built1975
Owner-occupied share73%
Share of owner-occupied homes with a mortgage64%
Top hazards (FEMA National Risk Index)Tornado (Very High), Strong Wind (Very High), Inland Flooding (Relatively High)
Active NFIP flood policies (county)1,433
Home insurance premium$1,110 - statewide average (NAIC, 2023 data)
Key home insurance figures for Oakland County, MI

Towns and cities

Smaller communities

Sources

Data last updated: 2026-09-29