Home Insurance in Roanoke County, Virginia
Homes in Roanoke County carry a median value of $286,000 - 25% lower than the Virginia median.
Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. The typical home in Roanoke County was built around 1978. About 17% of homes were built before 1960, about 3 points below Virginia's 19%.
The housing stock in Roanoke County is 81% single-family homes, 15% apartments in buildings with 5+ units and 2% mobile or manufactured homes.
In Roanoke County, about 60% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
The vacancy rate is 6%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 76% of occupied homes in Roanoke County are owner-occupied.
48% of homes in Roanoke County are primarily heated with electricity.
The top hazards for Roanoke County, per FEMA's National Risk Index, are strong wind (Relatively Moderate), inland flooding (Relatively Low) and hurricane (Relatively Low).
Standard homeowners insurance does not cover flood damage, so flood coverage needs a separate NFIP or private flood policy. As of September 2026, Roanoke County has 310 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 | $286,000 |
|---|---|
| Median year built | 1978 |
| Owner-occupied share | 76% |
| Share of owner-occupied homes with a mortgage | 60% |
| Top hazards (FEMA National Risk Index) | Strong Wind (Relatively Moderate), Inland Flooding (Relatively Low), Hurricane (Relatively Low) |
| Active NFIP flood policies (county) | 310 |
| 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)