Home Insurance in Oak Island, North Carolina
The median home value in Oak Island is $456,500, 31% higher than the Brunswick County median.
The typical home in Oak Island was built around 1997. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. About 3% of homes were built before 1960, in line with Brunswick County (3%).
In Oak Island, the housing stock is 88% single-family homes, 3% apartments in buildings with 5+ units and 7% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
In Oak Island, about 60% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Oak Island has an owner-occupancy rate of 90% and a vacancy rate of 57%; unoccupied homes typically need a different coverage form.
Most homes in Oak Island - 92% - are primarily heated with electricity.
Brunswick County's top FEMA-rated hazard is hurricane (Very High), per FEMA's National Risk Index. Brunswick County had 20,489 active NFIP flood policies as of September 2026. See the full Brunswick 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 | $456,500 |
|---|---|
| Median year built | 1997 |
| Owner-occupied share | 90% |
| Share of owner-occupied homes with a mortgage | 60% |
| Top county hazard | Hurricane (Very High) |
| Active NFIP policies in Brunswick County | 20,489 |
| 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)