Home Insurance in Smith County, Mississippi
With a median home value of $112,600, Smith County is 34% lower than the Mississippi median.
The typical home in Smith County was built around 1986. About 16% of homes were built before 1960, about 1 point above Mississippi's 14%. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing.
Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Smith County is 72% single-family homes, 2% apartments in buildings with 5+ units and 25% mobile or manufactured homes.
In Smith County, about 34% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Smith County has an owner-occupancy rate of 87% and a vacancy rate of 17%; unoccupied homes typically need a different coverage form.
Most homes in Smith County - 69% - are primarily heated with electricity. Homes heated with propane can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.
FEMA's National Risk Index lists hurricane (Relatively Moderate), hail (Relatively Moderate) and tornado (Relatively Moderate) as the leading hazards for Smith County.
Standard homeowners insurance does not cover flood damage, so flood coverage needs a separate NFIP or private flood policy. As of September 2026, Smith County has 13 active NFIP flood policies on file.
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 | $112,600 |
|---|---|
| Median year built | 1986 |
| Owner-occupied share | 87% |
| Share of owner-occupied homes with a mortgage | 34% |
| Top hazards (FEMA National Risk Index) | Hurricane (Relatively Moderate), Hail (Relatively Moderate), Tornado (Relatively Moderate) |
| Active NFIP flood policies (county) | 13 |
| Home insurance premium | $2,029 - statewide average (NAIC, 2023 data) |
Towns and cities
Sources
- 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)