Home Insurance in Salamanca, New York
With a median home value of $80,900, Salamanca is 28% lower than the Cattaraugus County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The median home in Salamanca was built in 1939 or earlier. About 76% of homes were built before 1960, about 26 points above Cattaraugus County's 50%.
Housing in Salamanca breaks down to 61% single-family homes, 14% apartments in buildings with 5+ units and 2% mobile or manufactured homes. The rest are 2-4 unit or other housing types.
In Salamanca, about 42% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Salamanca has an owner-occupancy rate of 55% and a vacancy rate of 15%; unoccupied homes typically need a different coverage form.
54% of homes in Salamanca are primarily heated with natural gas.
What's the biggest home insurance risk near Salamanca? FEMA's National Risk Index points to inland flooding (Relatively Moderate) in Cattaraugus County and Cattaraugus County had 449 active NFIP flood policies as of September 2026. See the full Cattaraugus County home insurance overview for all FEMA hazard ratings and flood coverage details. Flood damage is excluded from a standard homeowners policy.
In New York, the statewide average premium for a standard HO-3 homeowners policy is $1,801 per year (NAIC, 2023 data).
Key figures
| Median home value | $80,900 |
|---|---|
| Median year built | 1939 or earlier |
| Owner-occupied share | 55% |
| Share of owner-occupied homes with a mortgage | 42% |
| Top county hazard | Inland Flooding (Relatively Moderate) |
| Active NFIP policies in Cattaraugus County | 449 |
| Home insurance premium | $1,801 - 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)