Home Insurance in Floyd, Virginia
With a median home value of $242,600, Floyd is 8% higher than the Floyd County median.
The typical home in Floyd was built around 1963. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. About 48% of homes were built before 1960, about 27 points above Floyd County's 21%.
In Floyd, the housing stock is 73% single-family homes, 17% apartments in buildings with 5+ units and 4% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
35% of owner-occupied homes in Floyd carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Floyd has an owner-occupancy rate of 60% and a vacancy rate of 17%; unoccupied homes typically need a different coverage form.
80% of homes in Floyd are primarily heated with electricity. Homes heated with propane and fuel oil can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.
FEMA rates Floyd County's overall risk as Very Low, led by hurricane (Very Low). Floyd County had 12 active NFIP flood policies as of September 2026. See the full Floyd 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 Virginia is $1,537 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $242,600 |
|---|---|
| Median year built | 1963 |
| Owner-occupied share | 60% |
| Share of owner-occupied homes with a mortgage | 35% |
| Top county hazard | Hurricane (Very Low) |
| Active NFIP policies in Floyd County | 12 |
| 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)