Home Insurance in Farmington, Mississippi
Homes in Farmington carry a median value of $129,900 - 9% lower than the Alcorn County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Farmington was built around 1980. About 5% of homes were built before 1960, about 9 points below Alcorn County's 14%.
Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Farmington is 84% single-family homes, 2% apartments in buildings with 5+ units and 12% mobile or manufactured homes.
56% of owner-occupied homes in Farmington carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
About 77% of occupied homes in Farmington are owner-occupied. The vacancy rate is 9%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
Most homes in Farmington - 69% - are primarily heated with electricity.
What's the biggest home insurance risk near Farmington? FEMA's National Risk Index points to earthquake (Relatively Low) in Alcorn County and Alcorn County had 90 active NFIP flood policies as of September 2026. See the full Alcorn County home insurance overview for all FEMA hazard ratings and flood coverage details. Earthquake damage is excluded from a standard homeowners policy.
The statewide average premium for a standard HO-3 homeowners policy in Mississippi is $2,029 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $129,900 |
|---|---|
| Median year built | 1980 |
| Owner-occupied share | 77% |
| Share of owner-occupied homes with a mortgage | 56% |
| Top county hazard | Earthquake (Relatively Low) |
| Active NFIP policies in Alcorn County | 90 |
| Home insurance premium | $2,029 - 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)