Home Insurance in Fallston, North Carolina
Homes in Fallston carry a median value of $88,600 - 56% lower than the Cleveland County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Fallston was built around 1973. About 39% of homes were built before 1960, about 20 points above Cleveland County's 19%.
Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Fallston is 66% single-family homes and 23% mobile or manufactured homes. The rest are 2-4 unit or other housing types.
About 36% of owner-occupied homes in Fallston have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Fallston has an owner-occupancy rate of 69% and a vacancy rate of 21%; unoccupied homes typically need a different coverage form.
Most homes in Fallston - 88% - are primarily heated with electricity.
What's the biggest home insurance risk near Fallston? FEMA's National Risk Index points to earthquake (Relatively Low) in Cleveland County and Cleveland County had 37 active NFIP flood policies as of September 2026. See the full Cleveland County home insurance overview for all FEMA hazard ratings and flood coverage details. Earthquake damage is excluded from a standard homeowners policy.
The statewide average premium for a standard HO-3 homeowners policy in North Carolina is $1,852 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $88,600 |
|---|---|
| Median year built | 1973 |
| Owner-occupied share | 69% |
| Share of owner-occupied homes with a mortgage | 36% |
| Top county hazard | Earthquake (Relatively Low) |
| Active NFIP policies in Cleveland County | 37 |
| 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)