Home Insurance in Philadelphia, Mississippi
Homes in Philadelphia carry a median value of $97,300 - close to the Neshoba County median.
The typical home in Philadelphia was built around 1975. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. About 28% of homes were built before 1960, about 13 points above Neshoba County's 15%.
In Philadelphia, the housing stock is 87% single-family homes, 6% apartments in buildings with 5+ units and 2% mobile or manufactured homes.
43% of owner-occupied homes in Philadelphia carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
About 70% of occupied homes in Philadelphia are owner-occupied. The vacancy rate is 13%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
Homes heated with propane can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies. Most homes in Philadelphia - 50% - are primarily heated with electricity.
What's the biggest home insurance risk near Philadelphia? FEMA's National Risk Index points to tornado (Relatively Moderate) in Neshoba County and Neshoba County had 51 active NFIP flood policies as of September 2026. See the full Neshoba 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 | $97,300 |
|---|---|
| Median year built | 1975 |
| Owner-occupied share | 70% |
| Share of owner-occupied homes with a mortgage | 43% |
| Top county hazard | Tornado (Relatively Moderate) |
| Active NFIP policies in Neshoba 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)