Home Insurance in Franklin, New York
The median home value in Franklin is $202,300, 10% higher than the Delaware County median.
The median home in Franklin was built in 1939 or earlier. About 90% of homes were built before 1960, about 50 points above Delaware County's 40%. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.
In Franklin, the housing stock is 56% single-family homes. The rest are 2-4 unit or other housing types.
51% of owner-occupied homes in Franklin carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
The vacancy rate is 17%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 56% of occupied homes in Franklin are owner-occupied.
Most homes in Franklin - 56% - are primarily heated with fuel oil. Homes heated with propane and fuel oil can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.
Delaware County's top FEMA-rated hazard is inland flooding (Relatively Moderate), per FEMA's National Risk Index. Delaware County had 636 active NFIP flood policies as of September 2026. See the full Delaware County home insurance overview for all FEMA hazard ratings and flood coverage details. Flood damage is excluded from a standard homeowners policy.
According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in New York carries a statewide average premium of $1,801 per year.
Key figures
| Median home value | $202,300 |
|---|---|
| Median year built | 1939 or earlier |
| Owner-occupied share | 56% |
| Share of owner-occupied homes with a mortgage | 51% |
| Top county hazard | Inland Flooding (Relatively Moderate) |
| Active NFIP policies in Delaware County | 636 |
| 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)