Home Insurance in Freeville, New York
The median home value in Freeville is $200,000, 31% lower than the Tompkins County median.
The typical home in Freeville was built around 1959. About 51% of homes were built before 1960, about 15 points above Tompkins County's 36%. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing.
The housing stock in Freeville is 70% single-family homes and 7% apartments in buildings with 5+ units. The rest are 2-4 unit or other housing types.
71% of owner-occupied homes in Freeville carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Freeville has an owner-occupancy rate of 67% and a vacancy rate of 4%; unoccupied homes typically need a different coverage form.
Homes heated with propane can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies. Most homes in Freeville - 80% - are primarily heated with natural gas.
FEMA rates Tompkins County's overall risk as Relatively Low, led by inland flooding (Relatively Moderate). Tompkins County had 411 active NFIP flood policies as of September 2026. See the full Tompkins 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 | $200,000 |
|---|---|
| Median year built | 1959 |
| Owner-occupied share | 67% |
| Share of owner-occupied homes with a mortgage | 71% |
| Top county hazard | Inland Flooding (Relatively Moderate) |
| Active NFIP policies in Tompkins County | 411 |
| 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)