Home Insurance in Forest Acres, South Carolina
Homes in Forest Acres carry a median value of $279,300 - 15% higher than the Richland County median.
The typical home in Forest Acres was built around 1965. About 36% of homes were built before 1960, about 21 points above Richland County's 16%. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing.
In Forest Acres, the housing stock is 76% single-family homes and 15% apartments in buildings with 5+ units.
In Forest Acres, about 65% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
The vacancy rate is 9%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 77% of occupied homes in Forest Acres are owner-occupied.
Most homes in Forest Acres - 56% - are primarily heated with electricity.
What's the biggest home insurance risk near Forest Acres? FEMA's National Risk Index points to strong wind (Relatively High) in Richland County and Richland County had 2,124 active NFIP flood policies as of September 2026. See the full Richland 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 | $279,300 |
|---|---|
| Median year built | 1965 |
| Owner-occupied share | 77% |
| Share of owner-occupied homes with a mortgage | 65% |
| Top county hazard | Strong Wind (Relatively High) |
| Active NFIP policies in Richland County | 2,124 |
| 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)