Home Insurance in Lansing, New York
The median home value in Lansing is $516,900, 78% higher than the Tompkins County median.
The typical home in Lansing was built around 1982. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. About 6% of homes were built before 1960, about 31 points below Tompkins County's 36%.
Housing in Lansing breaks down to 28% single-family homes and 64% apartments in buildings with 5+ units.
In Lansing, about 24% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Lansing has an owner-occupancy rate of 23% and a vacancy rate of 8%; unoccupied homes typically need a different coverage form.
47% of homes in Lansing are primarily heated with electricity. Homes heated with propane can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.
What's the biggest home insurance risk near Lansing? FEMA's National Risk Index points to inland flooding (Relatively Moderate) in Tompkins County and 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.
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 | $516,900 |
|---|---|
| Median year built | 1982 |
| Owner-occupied share | 23% |
| Share of owner-occupied homes with a mortgage | 24% |
| 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)