Home Insurance in Lake Stevens, Washington
Homes in Lake Stevens carry a median value of $635,600 - 9% lower than the Snohomish County median.
The typical home in Lake Stevens was built around 1997. About 6% of homes were built before 1960, about 6 points below Snohomish County's 12%. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing.
The housing stock in Lake Stevens is 88% single-family homes, 4% apartments in buildings with 5+ units and 2% mobile or manufactured homes.
80% of owner-occupied homes in Lake Stevens carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
The vacancy rate is 3%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 76% of occupied homes in Lake Stevens are owner-occupied.
51% of homes in Lake Stevens are primarily heated with natural gas.
FEMA rates Snohomish County's overall risk as Relatively High, led by earthquake (Relatively High). Snohomish County had 2,102 active NFIP flood policies as of September 2026. See the full Snohomish County home insurance overview for all FEMA hazard ratings and flood coverage details. Earthquake damage is excluded from a standard homeowners policy.
In Washington, the statewide average premium for a standard HO-3 homeowners policy is $1,232 per year (NAIC, 2023 data).
Key figures
| Median home value | $635,600 |
|---|---|
| Median year built | 1997 |
| Owner-occupied share | 76% |
| Share of owner-occupied homes with a mortgage | 80% |
| Top county hazard | Earthquake (Relatively High) |
| Active NFIP policies in Snohomish County | 2,102 |
| 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)