Home Insurance in Roanoke, Virginia
Homes in Roanoke carry a median value of $190,500 - close to the Roanoke city median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Roanoke was built around 1958. About 53% of homes were built before 1960, in line with Roanoke city (53%).
Housing in Roanoke breaks down to 65% single-family homes, 22% apartments in buildings with 5+ units and 1% mobile or manufactured homes. The rest are 2-4 unit or other housing types.
61% of owner-occupied homes in Roanoke carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Roanoke has an owner-occupancy rate of 52% and a vacancy rate of 11%; unoccupied homes typically need a different coverage form.
In Roanoke, 47% of homes are primarily heated with electricity.
Roanoke city's top FEMA-rated hazard is strong wind (Relatively High), per FEMA's National Risk Index. Roanoke city had 356 active NFIP flood policies as of September 2026. See the full Roanoke city 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 | $190,500 |
|---|---|
| Median year built | 1958 |
| Owner-occupied share | 52% |
| Share of owner-occupied homes with a mortgage | 61% |
| Top county hazard | Strong Wind (Relatively High) |
| Active NFIP policies in Roanoke city | 356 |
| 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)