Home Insurance in Rankin, Texas
With a median home value of $127,000, Rankin is 17% higher than the Upton County median.
The typical home in Rankin was built around 1963. About 48% of homes were built before 1960, about 4 points above Upton County's 44%. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild.
Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Rankin is 93% single-family homes and 4% mobile or manufactured homes.
About 43% of owner-occupied homes in Rankin have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Rankin has an owner-occupancy rate of 79% and a vacancy rate of 11%; unoccupied homes typically need a different coverage form.
53% of homes in Rankin are primarily heated with electricity.
What's the biggest home insurance risk near Rankin? FEMA's National Risk Index points to hail (Relatively Low) in Upton County and Upton County has no active NFIP flood policies on file. See the full Upton County home insurance overview for all FEMA hazard ratings and flood coverage details.
According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in Texas carries a statewide average premium of $2,864 per year.
Key figures
| Median home value | $127,000 |
|---|---|
| Median year built | 1963 |
| Owner-occupied share | 79% |
| Share of owner-occupied homes with a mortgage | 43% |
| Top county hazard | Hail (Relatively Low) |
| 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)