Home Insurance in Cleveland, Mississippi
The median home value in Cleveland is $159,300, 23% higher than the Bolivar County median.
The typical home in Cleveland was built around 1974. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. About 27% of homes were built before 1960, about 6 points above Bolivar County's 22%.
In Cleveland, the housing stock is 78% single-family homes, 15% apartments in buildings with 5+ units and 2% mobile or manufactured homes.
In Cleveland, about 56% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Cleveland has an owner-occupancy rate of 67% and a vacancy rate of 13%; unoccupied homes typically need a different coverage form.
Most homes in Cleveland - 61% - are primarily heated with natural gas.
What's the biggest home insurance risk near Cleveland? FEMA's National Risk Index points to earthquake (Relatively Moderate) in Bolivar County and Bolivar County had 408 active NFIP flood policies as of September 2026. See the full Bolivar 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 | $159,300 |
|---|---|
| Median year built | 1974 |
| Owner-occupied share | 67% |
| Share of owner-occupied homes with a mortgage | 56% |
| Top county hazard | Earthquake (Relatively Moderate) |
| Active NFIP policies in Bolivar County | 408 |
| 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)