Home Insurance in Florence, Mississippi
Homes in Florence carry a median value of $230,800 - close to the Rankin County median.
The typical home in Florence was built around 1999. About 11% of homes were built before 1960, about 5 points above Rankin County's 6%. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild.
In Florence, the housing stock is 71% single-family homes, 18% apartments in buildings with 5+ units and 7% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
About 77% of owner-occupied homes in Florence have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Florence has an owner-occupancy rate of 70% and a vacancy rate of 8%; unoccupied homes typically need a different coverage form.
Most homes in Florence - 52% - are primarily heated with natural gas.
FEMA rates Rankin County's overall risk as Relatively Moderate, led by hail (Relatively High). Rankin County had 1,623 active NFIP flood policies as of September 2026. See the full Rankin 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 | $230,800 |
|---|---|
| Median year built | 1999 |
| Owner-occupied share | 70% |
| Share of owner-occupied homes with a mortgage | 77% |
| Top county hazard | Hail (Relatively High) |
| Active NFIP policies in Rankin County | 1,623 |
| 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)