Home Insurance in New Market, Tennessee
With a median home value of $180,400, New Market is 21% lower than the Jefferson County median.
The typical home in New Market was built around 1973. About 30% of homes were built before 1960, about 16 points above Jefferson County's 14%. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing.
Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in New Market is 88% single-family homes and 12% mobile or manufactured homes.
About 48% of owner-occupied homes in New Market have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
New Market has an owner-occupancy rate of 76% and a vacancy rate of 6%; unoccupied homes typically need a different coverage form.
In New Market, 76% of homes are primarily heated with electricity.
FEMA rates Jefferson County's overall risk as Relatively Low, led by earthquake (Relatively Low). 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.
The statewide average premium for a standard HO-3 homeowners policy in Tennessee is $1,649 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $180,400 |
|---|---|
| Median year built | 1973 |
| Owner-occupied share | 76% |
| Share of owner-occupied homes with a mortgage | 48% |
| 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)