HomeInsuranceQts

Home Insurance in Olympia, Washington

With a median home value of $486,200, Olympia is close to the Thurston 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 Olympia was built around 1982. About 25% of homes were built before 1960, about 13 points above Thurston County's 11%.

Housing in Olympia breaks down to 58% single-family homes, 31% apartments in buildings with 5+ units and 2% mobile or manufactured homes.

In Olympia, about 66% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.

Olympia has an owner-occupancy rate of 50% and a vacancy rate of 5%; unoccupied homes typically need a different coverage form.

61% of homes in Olympia are primarily heated with electricity.

FEMA rates Thurston County's overall risk as Relatively High, led by earthquake (Relatively High). Thurston County had 752 active NFIP flood policies as of September 2026. See the full Thurston 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$486,200
Median year built1982
Owner-occupied share50%
Share of owner-occupied homes with a mortgage66%
Top county hazardEarthquake (Relatively High)
Active NFIP policies in Thurston County752
Home insurance premium$1,232 - statewide average (NAIC, 2023 data)
Key home insurance figures for Olympia, WA

Nearby towns

Sources

Data last updated: 2026-09-29