Home Insurance in Radford, Virginia
Homes in Radford carry a median value of $220,700 - close to the Radford city median.
The typical home in Radford was built around 1976. About 32% of homes were built before 1960, in line with Radford city (32%). Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing.
In Radford, 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, about 55% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
About 42% of occupied homes in Radford are owner-occupied. The vacancy rate is 14%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
In Radford, 71% of homes are primarily heated with electricity.
FEMA rates Radford city's overall risk as Very Low, led by earthquake (Very Low). Radford city had 12 active NFIP flood policies as of September 2026. See the full Radford city home insurance overview for all FEMA hazard ratings and flood coverage details. Earthquake damage is excluded from a standard homeowners 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 | $220,700 |
|---|---|
| Median year built | 1976 |
| Owner-occupied share | 42% |
| Share of owner-occupied homes with a mortgage | 55% |
| Top county hazard | Earthquake (Very Low) |
| Active NFIP policies in Radford city | 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)