Home Insurance in Canfield, Ohio
Homes in Canfield carry a median value of $254,800 - 65% higher than the Mahoning County median.
Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. The typical home in Canfield was built around 1978. About 24% of homes were built before 1960, about 22 points below Mahoning County's 46%.
In Canfield, the housing stock is 86% single-family homes, 6% apartments in buildings with 5+ units and 1% mobile or manufactured homes.
In Canfield, about 61% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
The vacancy rate is 8%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 85% of occupied homes in Canfield are owner-occupied.
91% of homes in Canfield are primarily heated with natural gas.
Mahoning County's top FEMA-rated hazard is hail (Relatively High), per FEMA's National Risk Index. Mahoning County had 168 active NFIP flood policies as of September 2026. See the full Mahoning 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 | $254,800 |
|---|---|
| Median year built | 1978 |
| Owner-occupied share | 85% |
| Share of owner-occupied homes with a mortgage | 61% |
| Top county hazard | Hail (Relatively High) |
| Active NFIP policies in Mahoning County | 168 |
| 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)