Home Insurance in Elon, North Carolina
Homes in Elon carry a median value of $366,300 - 52% higher than the Alamance County median.
The typical home in Elon was built around 1997. About 8% of homes were built before 1960, about 13 points below Alamance County's 21%. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild.
In Elon, the housing stock is 77% single-family homes, 14% apartments in buildings with 5+ units and 3% mobile or manufactured homes.
About 69% of owner-occupied homes in Elon have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
The vacancy rate is 19%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 70% of occupied homes in Elon are owner-occupied.
In Elon, 53% of homes are primarily heated with natural gas.
FEMA rates Alamance County's overall risk as Relatively Low, led by winter weather (Relatively High). Alamance County had 342 active NFIP flood policies as of September 2026. See the full Alamance County home insurance overview for all FEMA hazard ratings and flood coverage details.
In North Carolina, the statewide average premium for a standard HO-3 homeowners policy is $1,852 per year (NAIC, 2023 data).
Key figures
| Median home value | $366,300 |
|---|---|
| Median year built | 1997 |
| Owner-occupied share | 70% |
| Share of owner-occupied homes with a mortgage | 69% |
| Top county hazard | Winter Weather (Relatively High) |
| Active NFIP policies in Alamance County | 342 |
| Home insurance premium | $1,852 - 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)