Home Insurance in Baneberry, Tennessee
The median home value in Baneberry is $395,200, 72% higher than the Jefferson County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Baneberry was built around 1992. About 0% of homes were built before 1960, about 14 points below Jefferson County's 14%.
Housing in Baneberry breaks down to 96% single-family homes and 3% apartments in buildings with 5+ units.
55% of owner-occupied homes in Baneberry carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Baneberry has an owner-occupancy rate of 98% and a vacancy rate of 4%; unoccupied homes typically need a different coverage form.
55% of homes in Baneberry are primarily heated with electricity.
What's the biggest home insurance risk near Baneberry? FEMA's National Risk Index points to earthquake (Relatively Low) in Jefferson County and Jefferson County had 97 active NFIP flood policies as of September 2026. See the full Jefferson County home insurance overview for all FEMA hazard ratings and flood coverage details. Earthquake damage is excluded from a standard homeowners policy.
According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in Tennessee carries a statewide average premium of $1,649 per year.
Key figures
| Median home value | $395,200 |
|---|---|
| Median year built | 1992 |
| Owner-occupied share | 98% |
| Share of owner-occupied homes with a mortgage | 55% |
| Top county hazard | Earthquake (Relatively Low) |
| Active NFIP policies in Jefferson County | 97 |
| Home insurance premium | $1,649 - 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)