Home Insurance in Radford city, Virginia
The median home value in Radford city is $220,700, 42% lower than the Virginia median.
The typical home in Radford city was built around 1976. About 32% of homes were built before 1960, about 12 points above Virginia's 19%. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild.
In Radford city, the housing stock is 55% single-family homes, 33% apartments in buildings with 5+ units and 1% mobile or manufactured homes. The rest are 2-4 unit or other housing types.
In Radford city, about 55% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Radford city has an owner-occupancy rate of 42% and a vacancy rate of 14%; unoccupied homes typically need a different coverage form.
71% of homes in Radford city are primarily heated with electricity.
Per FEMA's National Risk Index, Radford city's top hazards are earthquake (Very Low), hurricane (Very Low) and winter weather (Very Low). Standard homeowners policies exclude earthquake, so separate coverage is usually needed.
As of September 2026, Radford city has 12 active NFIP flood insurance policies. Standard homeowners insurance does not cover flood damage, so flood coverage needs a separate NFIP or private flood policy.
According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in Virginia carries a statewide average premium of $1,537 per year.
Key figures
| Median home value | $220,700 |
|---|---|
| Median year built | 1976 |
| Owner-occupied share | 42% |
| Share of owner-occupied homes with a mortgage | 55% |
| Top hazards (FEMA National Risk Index) | Earthquake (Very Low), Hurricane (Very Low), Winter Weather (Very Low) |
| Active NFIP flood policies (county) | 12 |
| 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)