Home Insurance in Homer, New York
The median home value in Homer is $165,200, close to the Cortland County median.
The median home in Homer was built in 1939 or earlier. About 68% of homes were built before 1960, about 19 points above Cortland County's 49%. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.
The housing stock in Homer is 70% single-family homes and 5% apartments in buildings with 5+ units. The rest are 2-4 unit or other housing types.
43% of owner-occupied homes in Homer carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
About 69% of occupied homes in Homer are owner-occupied.
Most homes in Homer - 82% - are primarily heated with natural gas.
FEMA rates Cortland County's overall risk as Relatively Low, led by inland flooding (Relatively Low). Cortland County had 255 active NFIP flood policies as of September 2026. See the full Cortland County home insurance overview for all FEMA hazard ratings and flood coverage details. Flood damage is excluded from a standard homeowners policy.
The statewide average premium for a standard HO-3 homeowners policy in New York is $1,801 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $165,200 |
|---|---|
| Median year built | 1939 or earlier |
| Owner-occupied share | 69% |
| Share of owner-occupied homes with a mortgage | 43% |
| Top county hazard | Inland Flooding (Relatively Low) |
| Active NFIP policies in Cortland County | 255 |
| 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)