Home Insurance in Flowood, Mississippi
The median home value in Flowood is $342,200, 44% higher than the Rankin County median.
The typical home in Flowood was built around 2001. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. About 1% of homes were built before 1960, about 5 points below Rankin County's 6%.
The housing stock in Flowood is 57% single-family homes, 31% apartments in buildings with 5+ units and 3% mobile or manufactured homes.
In Flowood, about 69% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Flowood has an owner-occupancy rate of 54% and a vacancy rate of 5%; unoccupied homes typically need a different coverage form.
50% of homes in Flowood are primarily heated with electricity.
What's the biggest home insurance risk near Flowood? FEMA's National Risk Index points to hail (Relatively High) in Rankin County and 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.
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 | $342,200 |
|---|---|
| Median year built | 2001 |
| Owner-occupied share | 54% |
| Share of owner-occupied homes with a mortgage | 69% |
| 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)