Home Insurance in Millport, New York
Homes in Millport carry a median value of $103,800 - 26% lower than the Chemung County median.
Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. The median home in Millport was built in 1939 or earlier. About 70% of homes were built before 1960, about 13 points above Chemung County's 58%.
The housing stock in Millport is 85% single-family homes and 10% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
About 63% of owner-occupied homes in Millport have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Millport has an owner-occupancy rate of 82% and a vacancy rate of 15%; unoccupied homes typically need a different coverage form.
Most homes in Millport - 70% - are primarily heated with natural gas. Homes heated with wood can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.
What's the biggest home insurance risk near Millport? FEMA's National Risk Index points to inland flooding (Relatively Low) in Chemung County and Chemung County had 489 active NFIP flood policies as of September 2026. See the full Chemung 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 | $103,800 |
|---|---|
| Median year built | 1939 or earlier |
| Owner-occupied share | 82% |
| Share of owner-occupied homes with a mortgage | 63% |
| Top county hazard | Inland Flooding (Relatively Low) |
| Active NFIP policies in Chemung County | 489 |
| 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)