Home Insurance in Princeton, Missouri
Homes in Princeton carry a median value of $78,000 - 26% lower than the Mercer County median.
Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. The typical home in Princeton was built around 1966. About 39% of homes were built before 1960, about 4 points above Mercer County's 35%.
The housing stock in Princeton is 80% single-family homes, 12% apartments in buildings with 5+ units and 3% mobile or manufactured homes.
In Princeton, about 49% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
The vacancy rate is 19%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 72% of occupied homes in Princeton are owner-occupied.
Most homes in Princeton - 75% - are primarily heated with natural gas.
Mercer County's top FEMA-rated hazard is wildfire (Very Low), per FEMA's National Risk Index. Mercer County had 1 active NFIP flood policy as of September 2026. See the full Mercer 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 | $78,000 |
|---|---|
| Median year built | 1966 |
| Owner-occupied share | 72% |
| Share of owner-occupied homes with a mortgage | 49% |
| Top county hazard | Wildfire (Very Low) |
| Active NFIP policies in Mercer County | 1 |
| 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)