Home Insurance in Ransom Canyon, Texas
Homes in Ransom Canyon carry a median value of $341,000 - 59% higher than the Lubbock County median.
The typical home in Ransom Canyon was built around 1989. About 7% of homes were built before 1960, about 10 points below Lubbock County's 17%. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing.
In Ransom Canyon, the housing stock is 99% single-family homes and 1% mobile or manufactured homes.
About 49% of owner-occupied homes in Ransom Canyon have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
The vacancy rate is 14%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 98% of occupied homes in Ransom Canyon are owner-occupied.
In Ransom Canyon, 77% of homes are primarily heated with natural gas.
Lubbock County's top FEMA-rated hazard is hail (Very High), per FEMA's National Risk Index. Lubbock County had 932 active NFIP flood policies as of September 2026. See the full Lubbock 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 | $341,000 |
|---|---|
| Median year built | 1989 |
| Owner-occupied share | 98% |
| Share of owner-occupied homes with a mortgage | 49% |
| Top county hazard | Hail (Very High) |
| Active NFIP policies in Lubbock County | 932 |
| 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)