Home Insurance in Southmayd, Texas
The median home value in Southmayd is $164,000, 34% lower than the Grayson County median.
The typical home in Southmayd was built around 1998. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. About 3% of homes were built before 1960, about 17 points below Grayson County's 20%.
In Southmayd, the housing stock is 33% single-family homes and 67% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
In Southmayd, about 53% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Southmayd has an owner-occupancy rate of 91% and a vacancy rate of 13%; unoccupied homes typically need a different coverage form.
Most homes in Southmayd - 87% - are primarily heated with electricity.
FEMA rates Grayson County's overall risk as Relatively Low, led by hail (Relatively Moderate). Grayson County had 332 active NFIP flood policies as of September 2026. See the full Grayson 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).
Key figures
| Median home value | $164,000 |
|---|---|
| Median year built | 1998 |
| Owner-occupied share | 91% |
| Share of owner-occupied homes with a mortgage | 53% |
| Top county hazard | Hail (Relatively Moderate) |
| Active NFIP policies in Grayson County | 332 |
| Home insurance premium | $2,864 - statewide average (NAIC, 2023 data) |
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)