HomeInsuranceQts

Home Insurance in Richardson, Texas

The median home value in Richardson is $431,400, 42% higher than the Dallas County median.

The typical home in Richardson was built around 1986. About 7% of homes were built before 1960, about 10 points below Dallas County's 17%. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing.

The housing stock in Richardson is 58% single-family homes and 36% apartments in buildings with 5+ units.

In Richardson, about 58% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.

The vacancy rate is 4%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 51% of occupied homes in Richardson are owner-occupied.

In Richardson, 53% of homes are primarily heated with electricity.

FEMA rates Dallas County's overall risk as Very High, led by hail (Very High). Dallas County had 6,674 active NFIP flood policies as of September 2026. See the full Dallas 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).

81 licensed insurance agencies serve this area.

Key figures

Median home value$431,400
Median year built1986
Owner-occupied share51%
Share of owner-occupied homes with a mortgage58%
Top county hazardHail (Very High)
Active NFIP policies in Dallas County6,674
Home insurance premium$2,864 - statewide average (NAIC, 2023 data)
Key home insurance figures for Richardson, TX

Licensed insurance agencies in Richardson

...and 21 more licensed agencies.

Data source: Texas Department of Insurance - licensed agencies, https://data.texas.gov/d/3yqc-fcdt

Nearby towns

Sources

Data last updated: 2026-09-29