HomeInsuranceQts

Home Insurance in Richwood, Ohio

Homes in Richwood carry a median value of $180,300 - 48% lower than the Union County median.

Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. The typical home in Richwood was built around 1953. About 57% of homes were built before 1960, about 36 points above Union County's 21%.

In Richwood, the housing stock is 80% single-family homes, 3% apartments in buildings with 5+ units and 5% mobile or manufactured homes. The rest are 2-4 unit or other housing types. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.

In Richwood, about 60% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.

The vacancy rate is 7%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 70% of occupied homes in Richwood are owner-occupied.

In Richwood, 75% of homes are primarily heated with natural gas.

FEMA rates Union County's overall risk as Very Low, led by hail (Relatively Low). 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.

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$180,300
Median year built1953
Owner-occupied share70%
Share of owner-occupied homes with a mortgage60%
Top county hazardHail (Relatively Low)
Active NFIP policies in Union County65
Home insurance premium$1,116 - statewide average (NAIC, 2023 data)
Key home insurance figures for Richwood, OH

Nearby towns

Sources

Data last updated: 2026-09-29