Home Insurance in Gary City, Texas
The median home value in Gary City is $168,800, 7% higher than the Panola County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Gary City was built around 1976. About 22% of homes were built before 1960, about 8 points above Panola County's 15%.
Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Gary City is 77% single-family homes and 23% mobile or manufactured homes.
In Gary City, about 47% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
The vacancy rate is 11%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 91% of occupied homes in Gary City are owner-occupied.
In Gary City, 68% of homes are primarily heated with electricity.
Panola County's top FEMA-rated hazard is strong wind (Relatively High), per FEMA's National Risk Index. Panola County had 17 active NFIP flood policies as of September 2026. See the full Panola 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 | $168,800 |
|---|---|
| Median year built | 1976 |
| Owner-occupied share | 91% |
| Share of owner-occupied homes with a mortgage | 47% |
| Top county hazard | Strong Wind (Relatively High) |
| Active NFIP policies in Panola County | 17 |
| 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)