Home Insurance in Tipton, Oklahoma
Homes in Tipton carry a median value of $73,300 - 8% lower than the Tillman 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 Tipton was built around 1959. About 53% of homes were built before 1960, about 9 points above Tillman County's 43%.
Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Tipton is 85% single-family homes, 1% apartments in buildings with 5+ units and 7% mobile or manufactured homes.
44% of owner-occupied homes in Tipton carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
About 77% of occupied homes in Tipton are owner-occupied. The vacancy rate is 30%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
In Tipton, 58% of homes are primarily heated with electricity.
Tillman County's top FEMA-rated hazard is hail (Relatively Low), per FEMA's National Risk Index. Tillman County had 3 active NFIP flood policies as of September 2026. See the full Tillman 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 | $73,300 |
|---|---|
| Median year built | 1959 |
| Owner-occupied share | 77% |
| Share of owner-occupied homes with a mortgage | 44% |
| Top county hazard | Hail (Relatively Low) |
| Active NFIP policies in Tillman County | 3 |
| 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)