Home Insurance in Palacios, Texas
With a median home value of $153,800, Palacios is 11% lower than the Matagorda County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Palacios was built around 1964. About 47% of homes were built before 1960, about 27 points above Matagorda County's 20%.
The housing stock in Palacios is 83% single-family homes, 3% apartments in buildings with 5+ units and 11% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
In Palacios, about 11% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
About 84% of occupied homes in Palacios are owner-occupied. The vacancy rate is 15%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
46% of homes in Palacios are primarily heated with electricity.
FEMA rates Matagorda County's overall risk as Relatively Low, led by hurricane (Relatively High). Matagorda County had 2,554 active NFIP flood policies as of September 2026. See the full Matagorda 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 home value | $153,800 |
|---|---|
| Median year built | 1964 |
| Owner-occupied share | 84% |
| Share of owner-occupied homes with a mortgage | 11% |
| Top county hazard | Hurricane (Relatively High) |
| Active NFIP policies in Matagorda County | 2,554 |
| 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)