Home Insurance in Mount Olive, Mississippi
Homes in Mount Olive carry a median value of $66,300 - 37% lower than the Covington County median.
The typical home in Mount Olive was built around 1988. About 15% of homes were built before 1960, about 6 points above Covington County's 10%. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.
In Mount Olive, the housing stock is 49% single-family homes, 4% apartments in buildings with 5+ units and 41% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
In Mount Olive, about 60% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Mount Olive has an owner-occupancy rate of 71% and a vacancy rate of 17%; unoccupied homes typically need a different coverage form.
72% of homes in Mount Olive are primarily heated with electricity.
FEMA rates Covington County's overall risk as Relatively Low, led by hurricane (Relatively Moderate). Covington County had 70 active NFIP flood policies as of September 2026. See the full Covington 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 | $66,300 |
|---|---|
| Median year built | 1988 |
| Owner-occupied share | 71% |
| Share of owner-occupied homes with a mortgage | 60% |
| Top county hazard | Hurricane (Relatively Moderate) |
| Active NFIP policies in Covington County | 70 |
| 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)