Home Insurance in Cary, North Carolina
With a median home value of $580,200, Cary is 26% higher than the Wake 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 Cary was built around 1999. About 1% of homes were built before 1960, about 4 points below Wake County's 5%.
In Cary, the housing stock is 73% single-family homes, 24% apartments in buildings with 5+ units and 1% mobile or manufactured homes.
In Cary, about 72% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Cary has an owner-occupancy rate of 67% and a vacancy rate of 6%; unoccupied homes typically need a different coverage form.
Most homes in Cary - 55% - are primarily heated with natural gas.
What's the biggest home insurance risk near Cary? FEMA's National Risk Index points to hail (Relatively High) in Wake County and Wake County had 3,267 active NFIP flood policies as of September 2026. See the full Wake 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 | $580,200 |
|---|---|
| Median year built | 1999 |
| Owner-occupied share | 67% |
| Share of owner-occupied homes with a mortgage | 72% |
| Top county hazard | Hail (Relatively High) |
| Active NFIP policies in Wake County | 3,267 |
| 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)