Home Insurance in Carmen, Oklahoma
The median home value in Carmen is $52,700, 48% lower than the Alfalfa 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 Carmen was built around 1952. About 68% of homes were built before 1960, about 17 points above Alfalfa County's 51%.
In Carmen, the housing stock is 86% single-family homes and 12% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
In Carmen, about 21% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
The vacancy rate is 25%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 62% of occupied homes in Carmen are owner-occupied.
Homes heated with propane can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies. Most homes in Carmen - 51% - are primarily heated with natural gas.
What's the biggest home insurance risk near Carmen? FEMA's National Risk Index points to hail (Relatively Low) in Alfalfa County and Alfalfa County had 34 active NFIP flood policies as of September 2026. See the full Alfalfa County home insurance overview for all FEMA hazard ratings and flood coverage details.
In Oklahoma, the statewide average premium for a standard HO-3 homeowners policy is $2,486 per year (NAIC, 2023 data).
Key figures
| Median home value | $52,700 |
|---|---|
| Median year built | 1952 |
| Owner-occupied share | 62% |
| Share of owner-occupied homes with a mortgage | 21% |
| Top county hazard | Hail (Relatively Low) |
| Active NFIP policies in Alfalfa County | 34 |
| Home insurance premium | $2,486 - 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)