Home Insurance in Lexington, Ohio
Homes in Lexington carry a median value of $192,300 - 17% higher than the Richland County median.
The typical home in Lexington was built around 1975. About 24% of homes were built before 1960, about 19 points below Richland County's 43%. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.
In Lexington, the housing stock is 73% single-family homes and 19% apartments in buildings with 5+ units.
About 58% of owner-occupied homes in Lexington have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Lexington has an owner-occupancy rate of 70% and a vacancy rate of 3%; unoccupied homes typically need a different coverage form.
76% of homes in Lexington are primarily heated with natural gas.
Richland County's top FEMA-rated hazard is hail (Relatively Moderate), per FEMA's National Risk Index. Richland County had 126 active NFIP flood policies as of September 2026. See the full Richland County home insurance overview for all FEMA hazard ratings and flood coverage details.
In Ohio, the statewide average premium for a standard HO-3 homeowners policy is $1,116 per year (NAIC, 2023 data).
Key figures
| Median home value | $192,300 |
|---|---|
| Median year built | 1975 |
| Owner-occupied share | 70% |
| Share of owner-occupied homes with a mortgage | 58% |
| Top county hazard | Hail (Relatively Moderate) |
| Active NFIP policies in Richland County | 126 |
| 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)