Home Insurance in Franklin, Texas
Homes in Franklin carry a median value of $168,800 - 9% lower than the Robertson County median.
Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. The typical home in Franklin was built around 1984. About 21% of homes were built before 1960, about 1 point above Robertson County's 20%.
The housing stock in Franklin is 48% single-family homes, 3% apartments in buildings with 5+ units and 20% mobile or manufactured homes. The rest are 2-4 unit or other housing types. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
In Franklin, about 32% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Franklin has an owner-occupancy rate of 45% and a vacancy rate of 20%; unoccupied homes typically need a different coverage form.
Most homes in Franklin - 68% - are primarily heated with electricity.
What's the biggest home insurance risk near Franklin? FEMA's National Risk Index points to hurricane (Relatively Low) in Robertson County and Robertson County had 167 active NFIP flood policies as of September 2026. See the full Robertson 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).
This area lists 3 licensed insurance agencies.
Key figures
| Median home value | $168,800 |
|---|---|
| Median year built | 1984 |
| Owner-occupied share | 45% |
| Share of owner-occupied homes with a mortgage | 32% |
| Top county hazard | Hurricane (Relatively Low) |
| Active NFIP policies in Robertson County | 167 |
| Home insurance premium | $2,864 - statewide average (NAIC, 2023 data) |
Licensed insurance agencies in Franklin
- EL GUAPO VENTURES, LLC, Franklin (General Lines Agency)
- JOHN A. ELMORE INSURANCE SERVICES, LLC, Franklin (General Lines Agency)
- REKIETA INSURANCE SERVICES, LLC, Franklin (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)