Home Insurance in New Madrid County, Missouri
With a median home value of $111,800, New Madrid County is 51% lower than the Missouri median.
The typical home in New Madrid County was built around 1975. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. About 24% of homes were built before 1960, about 3 points below Missouri's 27%.
In New Madrid County, the housing stock is 75% single-family homes, 3% apartments in buildings with 5+ units and 12% mobile or manufactured homes. The rest are 2-4 unit or other housing types. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
In New Madrid County, about 43% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
New Madrid County has an owner-occupancy rate of 64% and a vacancy rate of 15%; unoccupied homes typically need a different coverage form.
Homes heated with propane can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies. In New Madrid County, 54% of homes are primarily heated with electricity.
FEMA's National Risk Index lists earthquake (Relatively Moderate), strong wind (Relatively Moderate) and winter weather (Relatively Moderate) as the leading hazards for New Madrid County. Standard homeowners policies exclude earthquake, so separate coverage is usually needed.
Standard homeowners insurance does not cover flood damage, so flood coverage needs a separate NFIP or private flood policy. As of September 2026, New Madrid County has 342 active NFIP flood policies on file.
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 | $111,800 |
|---|---|
| Median year built | 1975 |
| Owner-occupied share | 64% |
| Share of owner-occupied homes with a mortgage | 43% |
| Top hazards (FEMA National Risk Index) | Earthquake (Relatively Moderate), Strong Wind (Relatively Moderate), Winter Weather (Relatively Moderate) |
| Active NFIP flood policies (county) | 342 |
| Home insurance premium | $1,589 - statewide average (NAIC, 2023 data) |
Towns and cities
- Canalou
- Catron
- Gideon
- Howardville
- Lilbourn
- Marston
- Matthews
- Morehouse
- New Madrid
- North Lilbourn
- Parma
- Portageville
- Risco
- Tallapoosa
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)