Home Insurance in Magnetic Springs, Ohio
With a median home value of $137,500, Magnetic Springs is 60% lower than the Union County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The median home in Magnetic Springs was built in 1939 or earlier. About 79% of homes were built before 1960, about 57 points above Union County's 21%.
Housing in Magnetic Springs breaks down to 82% single-family homes. The rest are 2-4 unit or other housing types.
78% of owner-occupied homes in Magnetic Springs carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
The vacancy rate is 4%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 62% of occupied homes in Magnetic Springs are owner-occupied.
85% of homes in Magnetic Springs are primarily heated with natural gas.
What's the biggest home insurance risk near Magnetic Springs? FEMA's National Risk Index points to hail (Relatively Low) in Union County and Union County had 65 active NFIP flood policies as of September 2026. See the full Union 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 | $137,500 |
|---|---|
| Median year built | 1939 or earlier |
| Owner-occupied share | 62% |
| Share of owner-occupied homes with a mortgage | 78% |
| Top county hazard | Hail (Relatively Low) |
| Active NFIP policies in Union County | 65 |
| 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)