Home Insurance in Okolona, Mississippi
The median home value in Okolona is $92,200, 16% lower than the Chickasaw County median.
The typical home in Okolona was built around 1971. About 33% of homes were built before 1960, about 16 points above Chickasaw County's 17%. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.
Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Okolona is 71% single-family homes, 5% apartments in buildings with 5+ units and 8% mobile or manufactured homes. The rest are 2-4 unit or other housing types.
In Okolona, about 21% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
The vacancy rate is 15%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 43% of occupied homes in Okolona are owner-occupied.
49% of homes in Okolona are primarily heated with natural gas.
What's the biggest home insurance risk near Okolona? FEMA's National Risk Index points to strong wind (Relatively High) in Chickasaw County and Chickasaw County had 11 active NFIP flood policies as of September 2026. See the full Chickasaw County home insurance overview for all FEMA hazard ratings and flood coverage details.
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 | $92,200 |
|---|---|
| Median year built | 1971 |
| Owner-occupied share | 43% |
| Share of owner-occupied homes with a mortgage | 21% |
| Top county hazard | Strong Wind (Relatively High) |
| Active NFIP policies in Chickasaw County | 11 |
| 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)