Home Insurance in Bailey County, Texas
Homes in Bailey County carry a median value of $105,300 - 63% lower than the Texas median.
Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. The typical home in Bailey County was built around 1969. About 29% of homes were built before 1960, about 17 points above Texas's 12%.
The housing stock in Bailey County is 89% single-family homes and 3% mobile or manufactured homes.
In Bailey County, about 25% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
About 80% of occupied homes in Bailey County are owner-occupied. The vacancy rate is 19%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
Most homes in Bailey County - 63% - are primarily heated with natural gas.
Per FEMA's National Risk Index, Bailey County's top hazards are hail (Relatively High), wildfire (Relatively Low) and strong wind (Relatively Moderate).
Standard homeowners insurance does not cover flood damage, so flood coverage needs a separate NFIP or private flood policy. As of September 2026, Bailey County has 13 active NFIP flood policies on file.
The statewide average premium for a standard HO-3 homeowners policy in Texas is $2,864 per year, according to the NAIC homeowners insurance report (2023 data).
5 licensed insurance agencies are listed for this area.
Key figures
| Median home value | $105,300 |
|---|---|
| Median year built | 1969 |
| Owner-occupied share | 80% |
| Share of owner-occupied homes with a mortgage | 25% |
| Top hazards (FEMA National Risk Index) | Hail (Relatively High), Wildfire (Relatively Low), Strong Wind (Relatively Moderate) |
| Active NFIP flood policies (county) | 13 |
| Home insurance premium | $2,864 - statewide average (NAIC, 2023 data) |
Towns and cities
Licensed insurance agencies in Bailey County
- ALLEN MOUNT INSURANCE AGENCY INC, Muleshoe (General Lines Agency)
- FULL CIRCLE INSURANCE AGENCY, L.L.C., Muleshoe (General Lines Agency)
- HIGH GROUND AG SERVICES, LLC, Muleshoe (General Lines Agency)
- HIGH GROUND INSURANCE GROUP, LLC, Muleshoe (General Lines Agency)
- ZEB HOLT INSURANCE INC, Muleshoe (General Lines Agency)
Data source: Texas Department of Insurance - licensed agencies, https://data.texas.gov/d/3yqc-fcdt
Sources
- 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)
- Texas Department of Insurance - licensed agencies (2026)