Home Insurance in Welch, Oklahoma
With a median home value of $113,300, Welch is 25% lower than the Craig County median.
The typical home in Welch was built around 1968. About 33% of homes were built before 1960, in line with Craig County (33%). Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild.
Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Welch is 77% single-family homes, 11% apartments in buildings with 5+ units and 8% mobile or manufactured homes.
About 24% of owner-occupied homes in Welch have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
About 66% of occupied homes in Welch are owner-occupied. The vacancy rate is 13%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
Most homes in Welch - 63% - are primarily heated with natural gas.
Craig County's top FEMA-rated hazard is tornado (Relatively Moderate), per FEMA's National Risk Index. Craig County had 22 active NFIP flood policies as of September 2026. See the full Craig 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 | $113,300 |
|---|---|
| Median year built | 1968 |
| Owner-occupied share | 66% |
| Share of owner-occupied homes with a mortgage | 24% |
| Top county hazard | Tornado (Relatively Moderate) |
| Active NFIP policies in Craig County | 22 |
| 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)