Home Insurance in Matthews, North Carolina
With a median home value of $445,100, Matthews is 9% higher than the Mecklenburg County median.
Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. The typical home in Matthews was built around 1994. About 3% of homes were built before 1960, about 6 points below Mecklenburg County's 9%.
The housing stock in Matthews is 66% single-family homes, 31% apartments in buildings with 5+ units and 1% mobile or manufactured homes.
68% of owner-occupied homes in Matthews carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
About 64% of occupied homes in Matthews are owner-occupied. The vacancy rate is 6%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
50% of homes in Matthews are primarily heated with natural gas.
What's the biggest home insurance risk near Matthews? FEMA's National Risk Index points to inland flooding (Relatively High) in Mecklenburg County and Mecklenburg County had 2,938 active NFIP flood policies as of September 2026. See the full Mecklenburg County home insurance overview for all FEMA hazard ratings and flood coverage details. Flood damage is excluded from a standard homeowners policy.
According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in North Carolina carries a statewide average premium of $1,852 per year.
Key figures
| Median home value | $445,100 |
|---|---|
| Median year built | 1994 |
| Owner-occupied share | 64% |
| Share of owner-occupied homes with a mortgage | 68% |
| Top county hazard | Inland Flooding (Relatively High) |
| Active NFIP policies in Mecklenburg County | 2,938 |
| 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)