Home Insurance in Faith, North Carolina
With a median home value of $264,000, Faith is 11% higher than the Rowan County median.
The typical home in Faith was built around 2000. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. About 13% of homes were built before 1960, about 11 points below Rowan County's 24%.
Housing in Faith breaks down to 95% single-family homes.
In Faith, about 79% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Faith has an owner-occupancy rate of 87% and a vacancy rate of 4%; unoccupied homes typically need a different coverage form.
In Faith, 93% of homes are primarily heated with electricity.
Rowan County had 295 active NFIP flood policies as of September 2026. Its top FEMA-rated hazard is tornado (Relatively Moderate). See the full Rowan County home insurance overview for all FEMA hazard ratings and flood coverage details.
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 | $264,000 |
|---|---|
| Median year built | 2000 |
| Owner-occupied share | 87% |
| Share of owner-occupied homes with a mortgage | 79% |
| Top county hazard | Tornado (Relatively Moderate) |
| Active NFIP policies in Rowan County | 295 |
| 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)