Home Insurance in Olton, Texas
The median home value in Olton is $50,800, 38% lower than the Lamb County median.
Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. The typical home in Olton was built around 1964. About 41% of homes were built before 1960, about 7 points above Lamb County's 34%.
Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Olton is 88% single-family homes and 10% mobile or manufactured homes.
In Olton, about 18% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Olton has an owner-occupancy rate of 67% and a vacancy rate of 22%; unoccupied homes typically need a different coverage form.
Most homes in Olton - 72% - are primarily heated with natural gas.
FEMA rates Lamb County's overall risk as Relatively Low, led by hail (Relatively High). Lamb County had 8 active NFIP flood policies as of September 2026. See the full Lamb 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).
1 licensed insurance agencies are listed for this area.
Key figures
| Median home value | $50,800 |
|---|---|
| Median year built | 1964 |
| Owner-occupied share | 67% |
| Share of owner-occupied homes with a mortgage | 18% |
| Top county hazard | Hail (Relatively High) |
| Active NFIP policies in Lamb County | 8 |
| Home insurance premium | $2,864 - statewide average (NAIC, 2023 data) |
Licensed insurance agencies in Olton
- SOUTH PLAINS IRRIGATION, INC., Olton (General Lines Agency)
Data source: Texas Department of Insurance - licensed agencies, https://data.texas.gov/d/3yqc-fcdt
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)
- Texas Department of Insurance - licensed agencies (2026)