Home Insurance in Penelope, Texas
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Penelope was built around 1958. About 52% of homes were built before 1960, about 29 points above Hill County's 24%.
Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Penelope is 82% single-family homes and 17% mobile or manufactured homes.
In Penelope, about 20% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Penelope has an owner-occupancy rate of 86% and a vacancy rate of 15%; unoccupied homes typically need a different coverage form.
In Penelope, 64% of homes are primarily heated with electricity.
Hill County had 80 active NFIP flood policies as of September 2026. Its top FEMA-rated hazard is tornado (Relatively Moderate). See the full Hill 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).
Key figures
| Median year built | 1958 |
|---|---|
| Owner-occupied share | 86% |
| Share of owner-occupied homes with a mortgage | 20% |
| Top county hazard | Tornado (Relatively Moderate) |
| Active NFIP policies in Hill County | 80 |
| 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)