Home Insurance in Raleigh, North Carolina
Homes in Raleigh carry a median value of $415,800 - 10% lower than the Wake County median.
The typical home in Raleigh was built around 1997. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. About 7% of homes were built before 1960, about 2 points above Wake County's 5%.
In Raleigh, the housing stock is 58% single-family homes, 35% apartments in buildings with 5+ units and 1% mobile or manufactured homes.
In Raleigh, about 74% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Raleigh has an owner-occupancy rate of 51% and a vacancy rate of 10%; unoccupied homes typically need a different coverage form.
Most homes in Raleigh - 59% - are primarily heated with electricity.
What's the biggest home insurance risk near Raleigh? 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.
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 | $415,800 |
|---|---|
| Median year built | 1997 |
| Owner-occupied share | 51% |
| Share of owner-occupied homes with a mortgage | 74% |
| 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)