Home Insurance in Troy, Missouri
The median home value in Troy is $226,500, 7% lower than the Lincoln County median.
The typical home in Troy was built around 2000. About 10% of homes were built before 1960, in line with Lincoln County (10%). Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.
Housing in Troy breaks down to 84% single-family homes, 6% apartments in buildings with 5+ units and 2% mobile or manufactured homes.
76% of owner-occupied homes in Troy carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
The vacancy rate is 1%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 70% of occupied homes in Troy are owner-occupied.
Most homes in Troy - 71% - are primarily heated with electricity.
What's the biggest home insurance risk near Troy? FEMA's National Risk Index points to strong wind (Relatively Moderate) in Lincoln County and Lincoln County had 195 active NFIP flood policies as of September 2026. See the full Lincoln 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 Missouri carries a statewide average premium of $1,589 per year.
Key figures
| Median home value | $226,500 |
|---|---|
| Median year built | 2000 |
| Owner-occupied share | 70% |
| Share of owner-occupied homes with a mortgage | 76% |
| Top county hazard | Strong Wind (Relatively Moderate) |
| Active NFIP policies in Lincoln County | 195 |
| Home insurance premium | $1,589 - 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)