Home Insurance in Danville, Virginia
The median home value in Danville is $119,100, close to the Danville city median.
The typical home in Danville was built around 1961. About 48% of homes were built before 1960, in line with Danville city (48%). Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.
Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Danville is 67% single-family homes, 21% apartments in buildings with 5+ units and 3% mobile or manufactured homes.
47% of owner-occupied homes in Danville carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Danville has an owner-occupancy rate of 48% and a vacancy rate of 15%; unoccupied homes typically need a different coverage form.
Most homes in Danville - 68% - are primarily heated with electricity.
Danville city's top FEMA-rated hazard is inland flooding (Relatively Moderate), per FEMA's National Risk Index. Danville city had 73 active NFIP flood policies as of September 2026. See the full Danville city home insurance overview for all FEMA hazard ratings and flood coverage details. Flood damage is excluded from a standard homeowners policy.
In Virginia, the statewide average premium for a standard HO-3 homeowners policy is $1,537 per year (NAIC, 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 county hazard | Inland Flooding (Relatively Moderate) |
| Active NFIP policies in Danville city | 73 |
| Home insurance premium | $1,537 - 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)