Home Insurance in Floyd, New Mexico
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Floyd was built around 1972. About 40% of homes were built before 1960, about 17 points above Roosevelt County's 24%.
The housing stock in Floyd is 87% single-family homes and 13% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
In Floyd, about 31% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Floyd has an owner-occupancy rate of 94% and a vacancy rate of 23%; unoccupied homes typically need a different coverage form.
58% of homes in Floyd are primarily heated with natural gas.
FEMA rates Roosevelt County's overall risk as Relatively Moderate, led by wildfire (Relatively High). Roosevelt County had 119 active NFIP flood policies as of September 2026. See the full Roosevelt County home insurance overview for all FEMA hazard ratings and flood coverage details.
The statewide average premium for a standard HO-3 homeowners policy in New Mexico is $1,490 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median year built | 1972 |
|---|---|
| Owner-occupied share | 94% |
| Share of owner-occupied homes with a mortgage | 31% |
| Top county hazard | Wildfire (Relatively High) |
| Active NFIP policies in Roosevelt County | 119 |
| 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)