Home Insurance in Gates Mills, Ohio
The median home value in Gates Mills is $743,400, 280% higher than the Cuyahoga County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Gates Mills was built around 1960. About 50% of homes were built before 1960, about 6 points below Cuyahoga County's 56%.
The housing stock in Gates Mills is 98% single-family homes and 1% mobile or manufactured homes.
49% of owner-occupied homes in Gates Mills carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
About 97% of occupied homes in Gates Mills are owner-occupied. The vacancy rate is 4%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
Most homes in Gates Mills - 85% - are primarily heated with natural gas.
FEMA rates Cuyahoga County's overall risk as Relatively High, led by tornado (Very High). 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 | $743,400 |
|---|---|
| Median year built | 1960 |
| Owner-occupied share | 97% |
| Share of owner-occupied homes with a mortgage | 49% |
| 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
- Mayfield
- Mayfield Heights
- Hunting Valley
- Highland Heights
- Willoughby Hills
- Pepper Pike
- Lyndhurst
- Richmond Heights
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)