Home Insurance in Newark, Texas
Homes in Newark carry a median value of $137,500 - 55% lower than the Wise County median.
The typical home in Newark was built around 1995. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. About 7% of homes were built before 1960, about 3 points below Wise County's 11%.
The housing stock in Newark is 51% single-family homes, 7% apartments in buildings with 5+ units and 39% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
About 57% of owner-occupied homes in Newark have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Newark has an owner-occupancy rate of 77% and a vacancy rate of 20%; unoccupied homes typically need a different coverage form.
Most homes in Newark - 80% - are primarily heated with electricity.
FEMA rates Wise County's overall risk as Relatively Low, led by wildfire (Relatively Moderate). Wise County had 209 active NFIP flood policies as of September 2026. See the full Wise 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).
2 licensed insurance agencies are listed for this area.
Key figures
| Median home value | $137,500 |
|---|---|
| Median year built | 1995 |
| Owner-occupied share | 77% |
| Share of owner-occupied homes with a mortgage | 57% |
| Top county hazard | Wildfire (Relatively Moderate) |
| Active NFIP policies in Wise County | 209 |
| Home insurance premium | $2,864 - statewide average (NAIC, 2023 data) |
Licensed insurance agencies in Newark
- GUTIERREZ INSURANCE AGENCY INC., Newark (General Lines Agency)
- TRANZRICO, LLC, Newark (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)