Home Insurance in Wake Village, Texas
Homes in Wake Village carry a median value of $186,000 - 8% higher than the Bowie County median.
Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. The typical home in Wake Village was built around 1984. About 9% of homes were built before 1960, about 7 points below Bowie County's 15%.
The housing stock in Wake Village is 80% single-family homes, 10% apartments in buildings with 5+ units and 4% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
About 49% of owner-occupied homes in Wake Village have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Wake Village has an owner-occupancy rate of 52% and a vacancy rate of 9%; unoccupied homes typically need a different coverage form.
Most homes in Wake Village - 51% - are primarily heated with natural gas.
Bowie County had 257 active NFIP flood policies as of September 2026. Its top FEMA-rated hazard is hail (Relatively High). See the full Bowie 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 Texas is $2,864 per year, according to the NAIC homeowners insurance report (2023 data).
1 licensed insurance agencies serve this area.
Key figures
| Median home value | $186,000 |
|---|---|
| Median year built | 1984 |
| Owner-occupied share | 52% |
| Share of owner-occupied homes with a mortgage | 49% |
| Top county hazard | Hail (Relatively High) |
| Active NFIP policies in Bowie County | 257 |
| Home insurance premium | $2,864 - statewide average (NAIC, 2023 data) |
Licensed insurance agencies in Wake Village
- ERUDITION DYNAMICS, INCORPORATION, Wake Village (General Lines Agency)
Data source: Texas Department of Insurance - licensed agencies, https://data.texas.gov/d/3yqc-fcdt
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)
- Texas Department of Insurance - licensed agencies (2026)