Home Insurance in Southaven, Mississippi
Homes in Southaven carry a median value of $236,300 - 12% lower than the DeSoto County median.
The typical home in Southaven was built around 1998. About 3% of homes were built before 1960, in line with DeSoto County (3%). Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.
In Southaven, the housing stock is 81% single-family homes, 12% apartments in buildings with 5+ units and 3% mobile or manufactured homes.
About 75% of owner-occupied homes in Southaven have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
The vacancy rate is 8%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 72% of occupied homes in Southaven are owner-occupied.
60% of homes in Southaven are primarily heated with natural gas.
DeSoto County had 530 active NFIP flood policies as of September 2026. Its top FEMA-rated hazard is tornado (Relatively High). See the full DeSoto County home insurance overview for all FEMA hazard ratings and flood coverage details.
In Mississippi, the statewide average premium for a standard HO-3 homeowners policy is $2,029 per year (NAIC, 2023 data).
Key figures
| Median home value | $236,300 |
|---|---|
| Median year built | 1998 |
| Owner-occupied share | 72% |
| Share of owner-occupied homes with a mortgage | 75% |
| Top county hazard | Tornado (Relatively High) |
| Active NFIP policies in DeSoto County | 530 |
| 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)