Home Insurance in Monroe, Washington
The median home value in Monroe is $668,400, close to the Snohomish County median.
Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. The typical home in Monroe was built around 1997. About 12% of homes were built before 1960, in line with Snohomish County (12%).
In Monroe, the housing stock is 79% single-family homes and 16% apartments in buildings with 5+ units.
78% of owner-occupied homes in Monroe carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Monroe has an owner-occupancy rate of 71% and a vacancy rate of 1%; unoccupied homes typically need a different coverage form.
Most homes in Monroe - 52% - are primarily heated with natural gas.
What's the biggest home insurance risk near Monroe? FEMA's National Risk Index points to earthquake (Relatively High) in Snohomish County and 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.
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 | $668,400 |
|---|---|
| Median year built | 1997 |
| Owner-occupied share | 71% |
| Share of owner-occupied homes with a mortgage | 78% |
| 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)