Home Insurance in Franklin County, North Carolina
With a median home value of $284,300, Franklin County is close to the North Carolina median.
Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. The typical home in Franklin County was built around 1997. About 11% of homes were built before 1960, about 3 points below North Carolina's 14%.
In Franklin County, the housing stock is 72% single-family homes, 2% apartments in buildings with 5+ units and 24% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
In Franklin County, about 62% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
The vacancy rate is 10%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 79% of occupied homes in Franklin County are owner-occupied.
Homes heated with propane can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies. Most homes in Franklin County - 72% - are primarily heated with electricity.
The top hazards for Franklin County, per FEMA's National Risk Index, are winter weather (Relatively High), hurricane (Relatively Low) and tornado (Relatively Moderate).
As of September 2026, Franklin County has 85 active NFIP flood insurance policies. Standard homeowners insurance does not cover flood damage, so flood coverage needs a separate NFIP or private flood 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 | $284,300 |
|---|---|
| Median year built | 1997 |
| Owner-occupied share | 79% |
| Share of owner-occupied homes with a mortgage | 62% |
| Top hazards (FEMA National Risk Index) | Winter Weather (Relatively High), Hurricane (Relatively Low), Tornado (Relatively Moderate) |
| Active NFIP flood policies (county) | 85 |
| Home insurance premium | $1,852 - statewide average (NAIC, 2023 data) |
Towns and cities
Smaller communities
-
Franklinton
- Median home value: $249,100
- Median year built: 1959
- Owner-occupied share: 62%
-
Louisburg
- Median home value: $262,500
- Median year built: 1971
- Owner-occupied share: 34%
Sources
- 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)