Home Insurance in Fargo, Oklahoma
With a median home value of $67,500, Fargo is 43% lower than the Ellis County median.
The typical home in Fargo was built around 1974. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. About 33% of homes were built before 1960, about 7 points below Ellis County's 40%.
In Fargo, the housing stock is 78% single-family homes and 22% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
19% of owner-occupied homes in Fargo carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Fargo has an owner-occupancy rate of 87% and a vacancy rate of 23%; unoccupied homes typically need a different coverage form.
In Fargo, 71% of homes are primarily heated with natural gas.
FEMA rates Ellis County's overall risk as Very Low, led by wildfire (Relatively Low). Ellis County has no active NFIP flood policies on file. See the full Ellis 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 | $67,500 |
|---|---|
| Median year built | 1974 |
| Owner-occupied share | 87% |
| Share of owner-occupied homes with a mortgage | 19% |
| Top county hazard | Wildfire (Relatively Low) |
| 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)