Home Insurance in Philadelphia, Pennsylvania
Homes in Philadelphia carry a median value of $243,100 - close to the Philadelphia County median.
The typical home in Philadelphia was built around 1949. About 65% of homes were built before 1960, in line with Philadelphia County (65%). Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild.
Housing in Philadelphia breaks down to 64% single-family homes and 21% apartments in buildings with 5+ units. The rest are 2-4 unit or other housing types.
59% of owner-occupied homes in Philadelphia carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
About 52% of occupied homes in Philadelphia are owner-occupied. The vacancy rate is 9%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
70% of homes in Philadelphia are primarily heated with natural gas.
Philadelphia County's top FEMA-rated hazard is winter weather (Very High), per FEMA's National Risk Index. Philadelphia County had 3,126 active NFIP flood policies as of September 2026. See the full Philadelphia County home insurance overview for all FEMA hazard ratings and flood coverage details.
In Pennsylvania, the statewide average premium for a standard HO-3 homeowners policy is $1,217 per year (NAIC, 2023 data).
Key figures
| Median home value | $243,100 |
|---|---|
| Median year built | 1949 |
| Owner-occupied share | 52% |
| Share of owner-occupied homes with a mortgage | 59% |
| Top county hazard | Winter Weather (Very High) |
| Active NFIP policies in Philadelphia County | 3,126 |
| 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)