Home Insurance in Farnham, New York
With a median home value of $134,400, Farnham is 43% lower than the Erie County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The median home in Farnham was built in 1939 or earlier. About 78% of homes were built before 1960, about 23 points above Erie County's 55%.
In Farnham, the housing stock is 85% single-family homes and 1% mobile or manufactured homes. The rest are 2-4 unit or other housing types.
66% of owner-occupied homes in Farnham carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
About 74% of occupied homes in Farnham are owner-occupied.
95% of homes in Farnham are primarily heated with natural gas.
Erie County had 1,469 active NFIP flood policies as of September 2026. Its top FEMA-rated hazard is winter weather (Very High). See the full Erie County home insurance overview for all FEMA hazard ratings and flood coverage details.
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 | $134,400 |
|---|---|
| Median year built | 1939 or earlier |
| Owner-occupied share | 74% |
| Share of owner-occupied homes with a mortgage | 66% |
| Top county hazard | Winter Weather (Very High) |
| Active NFIP policies in Erie County | 1,469 |
| 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)