Home Insurance in Shannon, Mississippi
Homes in Shannon carry a median value of $130,900 - 34% lower than the Lee County median.
Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. The typical home in Shannon was built around 1986. About 9% of homes were built before 1960, about 3 points below Lee County's 12%.
In Shannon, the housing stock is 60% single-family homes, 12% apartments in buildings with 5+ units and 26% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
46% of owner-occupied homes in Shannon carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Shannon has an owner-occupancy rate of 62% and a vacancy rate of 18%; unoccupied homes typically need a different coverage form.
50% of homes in Shannon are primarily heated with natural gas.
What's the biggest home insurance risk near Shannon? FEMA's National Risk Index points to earthquake (Relatively Moderate) in Lee County and Lee County had 367 active NFIP flood policies as of September 2026. See the full Lee County home insurance overview for all FEMA hazard ratings and flood coverage details. Earthquake damage is excluded from a standard homeowners policy.
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 | $130,900 |
|---|---|
| Median year built | 1986 |
| Owner-occupied share | 62% |
| Share of owner-occupied homes with a mortgage | 46% |
| Top county hazard | Earthquake (Relatively Moderate) |
| Active NFIP policies in Lee County | 367 |
| 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)