Home Insurance in Reserve, New Mexico
With a median home value of $123,200, Reserve is 26% lower than the Catron County median.
The typical home in Reserve was built around 1966. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. About 42% of homes were built before 1960, about 27 points above Catron County's 15%.
The housing stock in Reserve is 61% single-family homes and 37% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
In Reserve, about 17% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
The vacancy rate is 54%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. All occupied homes in Reserve are owner-occupied.
Homes heated with propane and wood can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies. In Reserve, 43% of homes are primarily heated with propane.
FEMA rates Catron County's overall risk as Very Low, led by wildfire (Relatively Moderate). Catron County had 1 active NFIP flood policy as of September 2026. See the full Catron County home insurance overview for all FEMA hazard ratings and flood coverage details.
In New Mexico, the statewide average premium for a standard HO-3 homeowners policy is $1,490 per year (NAIC, 2023 data).
Key figures
| Median home value | $123,200 |
|---|---|
| Median year built | 1966 |
| Owner-occupied share | 100% |
| Share of owner-occupied homes with a mortgage | 17% |
| Top county hazard | Wildfire (Relatively Moderate) |
| Active NFIP policies in Catron County | 1 |
| Home insurance premium | $1,490 - 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)