Home Insurance in Folly Beach, South Carolina
The median home value in Folly Beach is $1,000,000, 104% higher than the Charleston County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Folly Beach was built around 1990. About 21% of homes were built before 1960, about 6 points above Charleston County's 15%.
The housing stock in Folly Beach is 70% single-family homes and 20% apartments in buildings with 5+ units.
In Folly Beach, about 56% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Folly Beach has an owner-occupancy rate of 95% and a vacancy rate of 72%; unoccupied homes typically need a different coverage form.
Most homes in Folly Beach - 67% - are primarily heated with electricity.
What's the biggest home insurance risk near Folly Beach? FEMA's National Risk Index points to coastal flooding (Very High) in Charleston County and Charleston County had 59,025 active NFIP flood policies as of September 2026. See the full Charleston County home insurance overview for all FEMA hazard ratings and flood coverage details. Flood damage is excluded from a standard homeowners policy.
According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in South Carolina carries a statewide average premium of $1,753 per year.
Key figures
| Median home value | $1,000,000 |
|---|---|
| Median year built | 1990 |
| Owner-occupied share | 95% |
| Share of owner-occupied homes with a mortgage | 56% |
| Top county hazard | Coastal Flooding (Very High) |
| Active NFIP policies in Charleston County | 59,025 |
| Home insurance premium | $1,753 - statewide average (NAIC, 2023 data) |
Nearby towns
- James Island
- Kiawah Island
- Sullivan's Island
- Charleston
- Mount Pleasant
- Rockville
- Hollywood
- Isle of Palms
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)