Home Insurance in Henrico County, Virginia
Homes in Henrico County carry a median value of $359,200 - 6% lower than the Virginia median.
The typical home in Henrico County was built around 1985. About 18% of homes were built before 1960, in line with Virginia (19%). Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.
In Henrico County, the housing stock is 74% single-family homes and 20% apartments in buildings with 5+ units.
71% of owner-occupied homes in Henrico County carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Henrico County has an owner-occupancy rate of 64% and a vacancy rate of 5%; unoccupied homes typically need a different coverage form.
60% of homes in Henrico County are primarily heated with electricity.
Per FEMA's National Risk Index, Henrico County's top hazards are earthquake (Relatively Moderate), winter weather (Relatively High) and inland flooding (Relatively Moderate). Standard homeowners policies exclude earthquake, so separate coverage is usually needed.
As of September 2026, Henrico County has 1,068 active NFIP flood insurance policies. Standard homeowners insurance does not cover flood damage, so flood coverage needs a separate NFIP or private flood policy.
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 | $359,200 |
|---|---|
| Median year built | 1985 |
| Owner-occupied share | 64% |
| Share of owner-occupied homes with a mortgage | 71% |
| Top hazards (FEMA National Risk Index) | Earthquake (Relatively Moderate), Winter Weather (Relatively High), Inland Flooding (Relatively Moderate) |
| Active NFIP flood policies (county) | 1,068 |
| Home insurance premium | $1,537 - statewide average (NAIC, 2023 data) |
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)