Home Insurance in Cheraw, South Carolina
Homes in Cheraw carry a median value of $152,200 - 31% higher than the Chesterfield County median.
The typical home in Cheraw was built around 1970. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. About 29% of homes were built before 1960, about 13 points above Chesterfield County's 16%.
The housing stock in Cheraw is 63% single-family homes, 18% apartments in buildings with 5+ units and 7% mobile or manufactured homes. The rest are 2-4 unit or other housing types. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
In Cheraw, about 42% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Cheraw has an owner-occupancy rate of 48% and a vacancy rate of 14%; unoccupied homes typically need a different coverage form.
65% of homes in Cheraw are primarily heated with electricity.
Chesterfield County's top FEMA-rated hazard is hurricane (Relatively Moderate), per FEMA's National Risk Index. Chesterfield County had 19 active NFIP flood policies as of September 2026. See the full Chesterfield 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 South Carolina is $1,753 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $152,200 |
|---|---|
| Median year built | 1970 |
| Owner-occupied share | 48% |
| Share of owner-occupied homes with a mortgage | 42% |
| Top county hazard | Hurricane (Relatively Moderate) |
| Active NFIP policies in Chesterfield County | 19 |
| Home insurance premium | $1,753 - 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)