Home Insurance in Hillsborough, North Carolina
The median home value in Hillsborough is $460,100, close to the Orange County median.
The typical home in Hillsborough was built around 2001. About 21% of homes were built before 1960, about 9 points above Orange County's 11%. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild.
In Hillsborough, the housing stock is 78% single-family homes and 19% apartments in buildings with 5+ units.
75% of owner-occupied homes in Hillsborough carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
About 64% of occupied homes in Hillsborough are owner-occupied. The vacancy rate is 8%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
Most homes in Hillsborough - 50% - are primarily heated with electricity.
FEMA rates Orange County's overall risk as Relatively Low, led by winter weather (Relatively High). Orange County had 959 active NFIP flood policies as of September 2026. See the full Orange County home insurance overview for all FEMA hazard ratings and flood coverage details.
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 | $460,100 |
|---|---|
| Median year built | 2001 |
| Owner-occupied share | 64% |
| Share of owner-occupied homes with a mortgage | 75% |
| Top county hazard | Winter Weather (Relatively High) |
| Active NFIP policies in Orange County | 959 |
| 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)