Home Insurance in Bay Village, Ohio
The median home value in Bay Village is $353,000, 81% higher than the Cuyahoga County median.
The typical home in Bay Village was built around 1960. About 51% of homes were built before 1960, about 4 points below Cuyahoga County's 56%. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing.
In Bay Village, the housing stock is 95% single-family homes and 5% apartments in buildings with 5+ units.
67% of owner-occupied homes in Bay Village carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
About 91% of occupied homes in Bay Village are owner-occupied. The vacancy rate is 3%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
In Bay Village, 89% of homes are primarily heated with natural gas.
What's the biggest home insurance risk near Bay Village? FEMA's National Risk Index points to tornado (Very High) in Cuyahoga County and Cuyahoga County had 1,221 active NFIP flood policies as of September 2026. See the full Cuyahoga 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 Ohio carries a statewide average premium of $1,116 per year.
Key figures
| Median home value | $353,000 |
|---|---|
| Median year built | 1960 |
| Owner-occupied share | 91% |
| Share of owner-occupied homes with a mortgage | 67% |
| Top county hazard | Tornado (Very High) |
| Active NFIP policies in Cuyahoga County | 1,221 |
| Home insurance premium | $1,116 - 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)