Home Insurance in Ravenna, Ohio
The median home value in Ravenna is $139,700, 38% lower than the Portage County median.
The typical home in Ravenna was built around 1960. About 50% of homes were built before 1960, about 24 points above Portage County's 26%. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild.
Housing in Ravenna breaks down to 65% single-family homes, 19% apartments in buildings with 5+ units and 1% mobile or manufactured homes. The rest are 2-4 unit or other housing types.
About 67% of owner-occupied homes in Ravenna have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Ravenna has an owner-occupancy rate of 47% and a vacancy rate of 7%; unoccupied homes typically need a different coverage form.
70% of homes in Ravenna are primarily heated with natural gas.
What's the biggest home insurance risk near Ravenna? FEMA's National Risk Index points to hail (Relatively Moderate) in Portage County and Portage County had 200 active NFIP flood policies as of September 2026. See the full Portage 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 Ohio is $1,116 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $139,700 |
|---|---|
| Median year built | 1960 |
| Owner-occupied share | 47% |
| Share of owner-occupied homes with a mortgage | 67% |
| Top county hazard | Hail (Relatively Moderate) |
| Active NFIP policies in Portage County | 200 |
| 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)