Home Insurance in Albany, Texas
The median home value in Albany is $173,600, close to the Shackelford County median.
The typical home in Albany was built around 1961. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. About 49% of homes were built before 1960, about 9 points above Shackelford County's 40%.
Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Albany is 81% single-family homes, 5% apartments in buildings with 5+ units and 10% mobile or manufactured homes.
About 40% of owner-occupied homes in Albany 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 76% of occupied homes in Albany are owner-occupied.
In Albany, 56% of homes are primarily heated with electricity.
FEMA rates Shackelford County's overall risk as Very Low, led by wildfire (Relatively Low). Shackelford County had 22 active NFIP flood policies as of September 2026. See the full Shackelford 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).
3 licensed insurance agencies are listed for this area.
Key figures
| Median home value | $173,600 |
|---|---|
| Median year built | 1961 |
| Owner-occupied share | 76% |
| Share of owner-occupied homes with a mortgage | 40% |
| Top county hazard | Wildfire (Relatively Low) |
| Active NFIP policies in Shackelford County | 22 |
| Home insurance premium | $2,864 - statewide average (NAIC, 2023 data) |
Licensed insurance agencies in Albany
- 2MORROW INSURANCE GROUP, INC., Albany (General Lines Agency)
- MIO INSURANCE AGENCY LLC, Albany (General Lines Agency)
- RAMCO INSURANCE SERVICES, LLC, Albany (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)