Home Insurance in Lee County, Virginia
The median home value in Lee County is $98,900, 74% lower than the Virginia median.
The typical home in Lee County was built around 1977. About 31% of homes were built before 1960, about 11 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 Lee County is 74% single-family homes, 2% apartments in buildings with 5+ units and 20% mobile or manufactured homes.
35% of owner-occupied homes in Lee County carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Lee County has an owner-occupancy rate of 73% and a vacancy rate of 21%; unoccupied homes typically need a different coverage form.
Most homes in Lee County - 81% - are primarily heated with electricity. Homes heated with propane can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.
FEMA's National Risk Index lists wildfire (Relatively Low), inland flooding (Relatively Low) and winter weather (Relatively Moderate) as the leading hazards for Lee County.
Standard homeowners insurance does not cover flood damage, so flood coverage needs a separate NFIP or private flood policy. As of September 2026, Lee County has 40 active NFIP flood policies on file.
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 | $98,900 |
|---|---|
| Median year built | 1977 |
| Owner-occupied share | 73% |
| Share of owner-occupied homes with a mortgage | 35% |
| Top hazards (FEMA National Risk Index) | Wildfire (Relatively Low), Inland Flooding (Relatively Low), Winter Weather (Relatively Moderate) |
| Active NFIP flood policies (county) | 40 |
| 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)