Home Insurance in Suffolk city, Virginia
Homes in Suffolk city carry a median value of $347,400 - 9% lower than the Virginia median.
Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. The typical home in Suffolk city was built around 1996. About 15% of homes were built before 1960, about 4 points below Virginia's 19%.
Housing in Suffolk city breaks down to 80% single-family homes, 14% apartments in buildings with 5+ units and 2% mobile or manufactured homes.
75% of owner-occupied homes in Suffolk city carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
The vacancy rate is 6%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 71% of occupied homes in Suffolk city are owner-occupied.
In Suffolk city, 54% of homes are primarily heated with electricity.
The top hazards for Suffolk city, per FEMA's National Risk Index, are winter weather (Relatively High), hurricane (Relatively Moderate) and coastal flooding (Relatively Moderate).
Standard homeowners insurance does not cover flood damage, so flood coverage needs a separate NFIP or private flood policy. As of September 2026, Suffolk city has 811 active NFIP flood policies on file.
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 | $347,400 |
|---|---|
| Median year built | 1996 |
| Owner-occupied share | 71% |
| Share of owner-occupied homes with a mortgage | 75% |
| Top hazards (FEMA National Risk Index) | Winter Weather (Relatively High), Hurricane (Relatively Moderate), Coastal Flooding (Relatively Moderate) |
| Active NFIP flood policies (county) | 811 |
| 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)