Home Insurance in Norman, North Carolina
The typical home in Norman was built around 1963. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. About 37% of homes were built before 1960, about 15 points above Richmond County's 22%.
The housing stock in Norman is 80% single-family homes and 20% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
Almost no owner-occupied homes in Norman carry a mortgage.
About 30% of occupied homes in Norman are owner-occupied. The vacancy rate is 34%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
96% of homes in Norman are primarily heated with electricity.
FEMA rates Richmond County's overall risk as Relatively Low, led by hurricane (Relatively Moderate). Richmond County had 41 active NFIP flood policies as of September 2026. See the full Richmond 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 year built | 1963 |
|---|---|
| Owner-occupied share | 30% |
| Share of owner-occupied homes with a mortgage | 0% |
| Top county hazard | Hurricane (Relatively Moderate) |
| Active NFIP policies in Richmond County | 41 |
| 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)