Home Insurance in Lexington, Mississippi
The median home value in Lexington is $88,500, 10% higher than the Holmes County median.
The typical home in Lexington was built around 1969. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. About 37% of homes were built before 1960, about 19 points above Holmes County's 18%.
Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Lexington is 89% single-family homes and 11% mobile or manufactured homes.
About 30% of owner-occupied homes in Lexington have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Lexington has an owner-occupancy rate of 72% and a vacancy rate of 26%; unoccupied homes typically need a different coverage form.
In Lexington, 52% of homes are primarily heated with natural gas.
FEMA rates Holmes County's overall risk as Relatively Low, led by tornado (Relatively Moderate). Holmes County had 51 active NFIP flood policies as of September 2026. See the full Holmes County home insurance overview for all FEMA hazard ratings and flood coverage details.
According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in Mississippi carries a statewide average premium of $2,029 per year.
Key figures
| Median home value | $88,500 |
|---|---|
| Median year built | 1969 |
| Owner-occupied share | 72% |
| Share of owner-occupied homes with a mortgage | 30% |
| Top county hazard | Tornado (Relatively Moderate) |
| Active NFIP policies in Holmes County | 51 |
| 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)