Home Insurance in Odessa, New York
The median home value in Odessa is $158,600, 8% lower than the Schuyler County median.
The typical home in Odessa was built around 1953. About 66% of homes were built before 1960, about 25 points above Schuyler County's 40%. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.
The housing stock in Odessa is 58% single-family homes, 6% apartments in buildings with 5+ units and 12% mobile or manufactured homes. The rest are 2-4 unit or other housing types. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
About 69% of owner-occupied homes in Odessa have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Odessa has an owner-occupancy rate of 60% and a vacancy rate of 10%; unoccupied homes typically need a different coverage form.
In Odessa, 45% of homes 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.
Schuyler County's top FEMA-rated hazard is hurricane (Very Low), per FEMA's National Risk Index. Schuyler County had 41 active NFIP flood policies as of September 2026. See the full Schuyler County home insurance overview for all FEMA hazard ratings and flood coverage details.
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 | $158,600 |
|---|---|
| Median year built | 1953 |
| Owner-occupied share | 60% |
| Share of owner-occupied homes with a mortgage | 69% |
| Top county hazard | Hurricane (Very Low) |
| Active NFIP policies in Schuyler County | 41 |
| 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)