Home Insurance in Chatham, Virginia
With a median home value of $174,300, Chatham is 8% higher than the Pittsylvania County median.
The typical home in Chatham was built around 1955. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. About 57% of homes were built before 1960, about 35 points above Pittsylvania County's 22%.
The housing stock in Chatham is 82% single-family homes and 10% apartments in buildings with 5+ units.
In Chatham, about 37% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Chatham has an owner-occupancy rate of 67% and a vacancy rate of 12%; unoccupied homes typically need a different coverage form.
Homes heated with propane and fuel oil can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies. In Chatham, 56% of homes are primarily heated with electricity.
Pittsylvania County's top FEMA-rated hazard is hurricane (Relatively Low), per FEMA's National Risk Index. Pittsylvania County had 21 active NFIP flood policies as of September 2026. See the full Pittsylvania County home insurance overview for all FEMA hazard ratings and flood coverage details.
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 | $174,300 |
|---|---|
| Median year built | 1955 |
| Owner-occupied share | 67% |
| Share of owner-occupied homes with a mortgage | 37% |
| Top county hazard | Hurricane (Relatively Low) |
| Active NFIP policies in Pittsylvania County | 21 |
| 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)