Home Insurance in Lake Park, North Carolina
With a median home value of $334,500, Lake Park is 20% lower than the Union County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Lake Park was built around 1997. About 0% of homes were built before 1960, about 7 points below Union County's 7%.
Housing in Lake Park breaks down to 91% single-family homes and 7% apartments in buildings with 5+ units.
About 73% of owner-occupied homes in Lake Park have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Lake Park has an owner-occupancy rate of 78% and a vacancy rate of 3%; unoccupied homes typically need a different coverage form.
74% of homes in Lake Park are primarily heated with natural gas.
Union County had 382 active NFIP flood policies as of September 2026. Its top FEMA-rated hazard is tornado (Relatively High). See the full Union County home insurance overview for all FEMA hazard ratings and flood coverage details.
In North Carolina, the statewide average premium for a standard HO-3 homeowners policy is $1,852 per year (NAIC, 2023 data).
Key figures
| Median home value | $334,500 |
|---|---|
| Median year built | 1997 |
| Owner-occupied share | 78% |
| Share of owner-occupied homes with a mortgage | 73% |
| Top county hazard | Tornado (Relatively High) |
| Active NFIP policies in Union County | 382 |
| 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)