Home Insurance in Marion, Mississippi
With a median home value of $193,800, Marion is 45% higher than the Lauderdale County median.
The typical home in Marion was built around 1998. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. About 7% of homes were built before 1960, about 13 points below Lauderdale County's 20%.
In Marion, the housing stock is 54% single-family homes, 13% apartments in buildings with 5+ units and 12% mobile or manufactured homes. The rest are 2-4 unit or other housing types. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
In Marion, about 59% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Marion has an owner-occupancy rate of 52% and a vacancy rate of 15%; unoccupied homes typically need a different coverage form.
85% of homes in Marion are primarily heated with electricity.
FEMA rates Lauderdale County's overall risk as Relatively Moderate, led by tornado (Relatively High). Lauderdale County had 434 active NFIP flood policies as of September 2026. See the full Lauderdale 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 | $193,800 |
|---|---|
| Median year built | 1998 |
| Owner-occupied share | 52% |
| Share of owner-occupied homes with a mortgage | 59% |
| Top county hazard | Tornado (Relatively High) |
| Active NFIP policies in Lauderdale County | 434 |
| 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)