Home Insurance in Troy, South Carolina
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Troy was built around 1959. About 52% of homes were built before 1960, about 27 points above Greenwood County's 25%.
In Troy, the housing stock is 63% single-family homes and 37% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
About 27% of owner-occupied homes in Troy have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Troy has an owner-occupancy rate of 83% and a vacancy rate of 6%; unoccupied homes typically need a different coverage form.
Homes heated with propane can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies. In Troy, 81% of homes are primarily heated with electricity.
FEMA rates Greenwood County's overall risk as Relatively Low, led by tornado (Relatively Moderate). Greenwood County had 77 active NFIP flood policies as of September 2026. See the full Greenwood 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 South Carolina carries a statewide average premium of $1,753 per year.
Key figures
| Median year built | 1959 |
|---|---|
| Owner-occupied share | 83% |
| Share of owner-occupied homes with a mortgage | 27% |
| Top county hazard | Tornado (Relatively Moderate) |
| Active NFIP policies in Greenwood County | 77 |
| 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)