HomeInsuranceQts

Home Insurance in Richmond, Texas

Homes in Richmond carry a median value of $231,500 - 38% lower than the Fort Bend County median.

Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. The typical home in Richmond was built around 1984. About 12% of homes were built before 1960, about 9 points above Fort Bend County's 2%.

The housing stock in Richmond is 49% single-family homes, 29% apartments in buildings with 5+ units and 14% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.

In Richmond, about 30% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.

Richmond has an owner-occupancy rate of 53% and a vacancy rate of 6%; unoccupied homes typically need a different coverage form.

Most homes in Richmond - 66% - are primarily heated with electricity.

FEMA rates Fort Bend County's overall risk as Relatively High, led by tornado (Very High). Fort Bend County had 40,102 active NFIP flood policies as of September 2026. See the full Fort Bend County home insurance overview for all FEMA hazard ratings and flood coverage details.

In Texas, the statewide average premium for a standard HO-3 homeowners policy is $2,864 per year (NAIC, 2023 data).

This area lists 88 licensed insurance agencies.

Key figures

Median home value$231,500
Median year built1984
Owner-occupied share53%
Share of owner-occupied homes with a mortgage30%
Top county hazardTornado (Very High)
Active NFIP policies in Fort Bend County40,102
Home insurance premium$2,864 - statewide average (NAIC, 2023 data)
Key home insurance figures for Richmond, TX

Licensed insurance agencies in Richmond

...and 28 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