Home Insurance in Eddy County, New Mexico
With a median home value of $212,600, Eddy County is 14% lower than the New Mexico median.
Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. The typical home in Eddy County was built around 1980. About 26% of homes were built before 1960, about 10 points above New Mexico's 17%.
Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Eddy County is 73% single-family homes, 7% apartments in buildings with 5+ units and 15% mobile or manufactured homes.
48% of owner-occupied homes in Eddy County carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Eddy County has an owner-occupancy rate of 73% and a vacancy rate of 12%; unoccupied homes typically need a different coverage form.
In Eddy County, 55% of homes are primarily heated with electricity.
FEMA's National Risk Index lists winter weather (Relatively High), inland flooding (Relatively Moderate) and wildfire (Relatively Low) as the leading hazards for Eddy County.
Eddy County had 277 active National Flood Insurance Program policies as of September 2026. Standard homeowners insurance does not cover flood damage, so flood coverage needs a separate NFIP or private flood policy.
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 | $212,600 |
|---|---|
| Median year built | 1980 |
| Owner-occupied share | 73% |
| Share of owner-occupied homes with a mortgage | 48% |
| Top hazards (FEMA National Risk Index) | Winter Weather (Relatively High), Inland Flooding (Relatively Moderate), Wildfire (Relatively Low) |
| Active NFIP flood policies (county) | 277 |
| Home insurance premium | $1,490 - 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)