Home Insurance in Richland, Washington
The median home value in Richland is $436,700, 7% higher than the Benton County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Richland was built around 1988. About 24% of homes were built before 1960, about 6 points above Benton County's 18%.
In Richland, the housing stock is 67% single-family homes, 22% apartments in buildings with 5+ units and 2% mobile or manufactured homes.
In Richland, about 63% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Richland has an owner-occupancy rate of 64% and a vacancy rate of 6%; unoccupied homes typically need a different coverage form.
In Richland, 72% of homes are primarily heated with electricity.
FEMA rates Benton County's overall risk as Relatively Moderate, led by wildfire (Relatively Moderate). Benton County had 204 active NFIP flood policies as of September 2026. See the full Benton County home insurance overview for all FEMA hazard ratings and flood coverage details.
The statewide average premium for a standard HO-3 homeowners policy in Washington is $1,232 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $436,700 |
|---|---|
| Median year built | 1988 |
| Owner-occupied share | 64% |
| Share of owner-occupied homes with a mortgage | 63% |
| Top county hazard | Wildfire (Relatively Moderate) |
| Active NFIP policies in Benton County | 204 |
| Home insurance premium | $1,232 - 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)