Home Insurance in Okay, Oklahoma
Homes in Okay carry a median value of $72,100 - 69% lower than the Wagoner County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Okay was built around 1991. About 17% of homes were built before 1960, about 10 points above Wagoner County's 7%.
The housing stock in Okay is 46% single-family homes, 1% apartments in buildings with 5+ units and 51% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
About 30% of owner-occupied homes in Okay have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
The vacancy rate is 27%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 73% of occupied homes in Okay are owner-occupied.
In Okay, 58% of homes are primarily heated with natural gas.
What's the biggest home insurance risk near Okay? FEMA's National Risk Index points to hail (Relatively Moderate) in Wagoner County and Wagoner County had 244 active NFIP flood policies as of September 2026. See the full Wagoner County home insurance overview for all FEMA hazard ratings and flood coverage details.
According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in Oklahoma carries a statewide average premium of $2,486 per year.
Key figures
| Median home value | $72,100 |
|---|---|
| Median year built | 1991 |
| Owner-occupied share | 73% |
| Share of owner-occupied homes with a mortgage | 30% |
| Top county hazard | Hail (Relatively Moderate) |
| Active NFIP policies in Wagoner County | 244 |
| 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)