Home Insurance in Cuba, New Mexico
The median home value in Cuba is $150,700, 52% lower than the Sandoval 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 Cuba was built around 1976. About 22% of homes were built before 1960, about 18 points above Sandoval County's 4%.
Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Cuba is 54% single-family homes and 41% mobile or manufactured homes.
About 39% of owner-occupied homes in Cuba have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Cuba has an owner-occupancy rate of 85% and a vacancy rate of 41%; unoccupied homes typically need a different coverage form.
Homes heated with wood can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies. Most homes in Cuba - 67% - are primarily heated with natural gas.
FEMA rates Sandoval County's overall risk as Relatively Low, led by wildfire (Relatively Moderate). Sandoval County had 580 active NFIP flood policies as of September 2026. See the full Sandoval 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 home value | $150,700 |
|---|---|
| Median year built | 1976 |
| Owner-occupied share | 85% |
| Share of owner-occupied homes with a mortgage | 39% |
| Top county hazard | Wildfire (Relatively Moderate) |
| Active NFIP policies in Sandoval County | 580 |
| 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)