Home Insurance in Lynnwood, Washington
With a median home value of $686,900, Lynnwood is close to the Snohomish County median.
The typical home in Lynnwood was built around 1979. About 13% of homes were built before 1960, in line with Snohomish County (12%). Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing.
In Lynnwood, the housing stock is 48% single-family homes, 38% apartments in buildings with 5+ units and 3% mobile or manufactured homes. The rest are 2-4 unit or other housing types. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
About 66% of owner-occupied homes in Lynnwood have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Lynnwood has an owner-occupancy rate of 51% and a vacancy rate of 6%; unoccupied homes typically need a different coverage form.
63% of homes in Lynnwood are primarily heated with electricity.
Snohomish County had 2,102 active NFIP flood policies as of September 2026. Its top FEMA-rated hazard is earthquake (Relatively High). 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.
According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in Washington carries a statewide average premium of $1,232 per year.
Key figures
| Median home value | $686,900 |
|---|---|
| Median year built | 1979 |
| Owner-occupied share | 51% |
| Share of owner-occupied homes with a mortgage | 66% |
| 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)