Home Insurance in Walnut Grove, Mississippi
With a median home value of $85,900, Walnut Grove is 26% lower than the Leake County median.
The typical home in Walnut Grove was built around 1975. About 15% of homes were built before 1960, about 2 points above Leake County's 13%. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing.
In Walnut Grove, the housing stock is 58% single-family homes, 21% apartments in buildings with 5+ units and 14% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
About 25% of owner-occupied homes in Walnut Grove have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Walnut Grove has an owner-occupancy rate of 24% and a vacancy rate of 21%; unoccupied homes typically need a different coverage form.
In Walnut Grove, 63% of homes are primarily heated with electricity.
What's the biggest home insurance risk near Walnut Grove? FEMA's National Risk Index points to strong wind (Relatively High) in Leake County and Leake County had 34 active NFIP flood policies as of September 2026. See the full Leake 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 | $85,900 |
|---|---|
| Median year built | 1975 |
| Owner-occupied share | 24% |
| Share of owner-occupied homes with a mortgage | 25% |
| Top county hazard | Strong Wind (Relatively High) |
| Active NFIP policies in Leake County | 34 |
| 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)