Home Insurance in Danville city, Virginia
Homes in Danville city carry a median value of $119,100 - 69% lower than the Virginia median.
The typical home in Danville city was built around 1961. About 48% of homes were built before 1960, about 29 points above Virginia's 19%. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing.
Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Danville city is 67% single-family homes, 21% apartments in buildings with 5+ units and 3% mobile or manufactured homes.
In Danville city, about 47% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
About 48% of occupied homes in Danville city are owner-occupied. The vacancy rate is 15%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
68% of homes in Danville city are primarily heated with electricity.
FEMA's National Risk Index lists inland flooding (Relatively Moderate), hurricane (Relatively Low) and winter weather (Relatively Moderate) as the leading hazards for Danville city.
Standard homeowners insurance does not cover flood damage, so flood coverage needs a separate NFIP or private flood policy. As of September 2026, Danville city has 73 active NFIP flood policies on file.
The statewide average premium for a standard HO-3 homeowners policy in Virginia is $1,537 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $119,100 |
|---|---|
| Median year built | 1961 |
| Owner-occupied share | 48% |
| Share of owner-occupied homes with a mortgage | 47% |
| Top hazards (FEMA National Risk Index) | Inland Flooding (Relatively Moderate), Hurricane (Relatively Low), Winter Weather (Relatively Moderate) |
| Active NFIP flood policies (county) | 73 |
| Home insurance premium | $1,537 - statewide average (NAIC, 2023 data) |
Towns and cities
Sources
- 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)