Home Insurance in Red Oak, Oklahoma
The median home value in Red Oak is $71,300, 34% lower than the Latimer County median.
The typical home in Red Oak was built around 1972. About 24% of homes were built before 1960, about 7 points above Latimer County's 18%. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild.
The housing stock in Red Oak is 76% single-family homes, 3% apartments in buildings with 5+ units and 18% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
About 36% of owner-occupied homes in Red Oak have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Red Oak has an owner-occupancy rate of 69% and a vacancy rate of 16%; unoccupied homes typically need a different coverage form.
Homes heated with propane can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies. In Red Oak, 46% of homes are primarily heated with electricity.
Latimer County's top FEMA-rated hazard is wildfire (Relatively Moderate), per FEMA's National Risk Index. Latimer County had 7 active NFIP flood policies as of September 2026. See the full Latimer 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 | $71,300 |
|---|---|
| Median year built | 1972 |
| Owner-occupied share | 69% |
| Share of owner-occupied homes with a mortgage | 36% |
| Top county hazard | Wildfire (Relatively Moderate) |
| Active NFIP policies in Latimer County | 7 |
| 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)