Home Insurance in Honey Grove, Texas

Homes in Honey Grove carry a median value of $152,000 - 35% lower than the Fannin County median.

Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Honey Grove was built around 1981. About 33% of homes were built before 1960, about 13 points above Fannin County's 20%.

The housing stock in Honey Grove is 80% single-family homes, 7% apartments in buildings with 5+ units and 1% mobile or manufactured homes. The rest are 2-4 unit or other housing types.

44% of owner-occupied homes in Honey Grove carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.

The vacancy rate is 12%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 62% of occupied homes in Honey Grove are owner-occupied.

Most homes in Honey Grove - 57% - are primarily heated with electricity.

Fannin County had 146 active NFIP flood policies as of September 2026. Its top FEMA-rated hazard is tornado (Relatively Moderate). See the full Fannin County home insurance overview for all FEMA hazard ratings and flood coverage details.

According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in Texas carries a statewide average premium of $2,864 per year.

1 licensed insurance agencies serve this area.

Key figures

Median home value$152,000
Median year built1981
Owner-occupied share62%
Share of owner-occupied homes with a mortgage44%
Top county hazardTornado (Relatively Moderate)
Active NFIP policies in Fannin County146
Home insurance premium$2,864 - statewide average (NAIC, 2023 data)
Key home insurance figures for Honey Grove, TX

Licensed insurance agencies in Honey Grove

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

Nearby towns

Sources

Data last updated: 2026-09-29