Home Insurance in Lexington, North Carolina
Homes in Lexington carry a median value of $179,900 - 18% lower than the Davidson County median.
The typical home in Lexington was built around 1969. About 38% of homes were built before 1960, about 20 points above Davidson County's 19%. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.
Housing in Lexington breaks down to 73% single-family homes, 8% apartments in buildings with 5+ units and 3% mobile or manufactured homes. The rest are 2-4 unit or other housing types.
49% of owner-occupied homes in Lexington carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
The vacancy rate is 15%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 42% of occupied homes in Lexington are owner-occupied.
In Lexington, 62% of homes are primarily heated with electricity.
Davidson County's top FEMA-rated hazard is inland flooding (Relatively Moderate), per FEMA's National Risk Index. Davidson County had 223 active NFIP flood policies as of September 2026. See the full Davidson 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 North Carolina is $1,852 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $179,900 |
|---|---|
| Median year built | 1969 |
| Owner-occupied share | 42% |
| Share of owner-occupied homes with a mortgage | 49% |
| Top county hazard | Inland Flooding (Relatively Moderate) |
| Active NFIP policies in Davidson County | 223 |
| 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)