Home Insurance in Philipsburg, Pennsylvania
With a median home value of $148,700, Philipsburg is 54% lower than the Centre 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 Philipsburg was built around 1944. About 73% of homes were built before 1960, about 46 points above Centre County's 26%.
In Philipsburg, the housing stock is 57% single-family homes, 20% apartments in buildings with 5+ units and 2% mobile or manufactured homes. The rest are 2-4 unit or other housing types.
57% of owner-occupied homes in Philipsburg carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Philipsburg has an owner-occupancy rate of 52% and a vacancy rate of 12%; unoccupied homes typically need a different coverage form.
44% of homes in Philipsburg are primarily heated with fuel oil. Homes heated with fuel oil can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.
FEMA rates Centre County's overall risk as Relatively Low, led by winter weather (Relatively High). Centre County had 312 active NFIP flood policies as of September 2026. See the full Centre County home insurance overview for all FEMA hazard ratings and flood coverage details.
The statewide average premium for a standard HO-3 homeowners policy in Pennsylvania is $1,217 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $148,700 |
|---|---|
| Median year built | 1944 |
| Owner-occupied share | 52% |
| Share of owner-occupied homes with a mortgage | 57% |
| Top county hazard | Winter Weather (Relatively High) |
| Active NFIP policies in Centre County | 312 |
| Home insurance premium | $1,217 - 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)