Home Insurance in Gassaway, West Virginia
With a median home value of $94,400, Gassaway is 20% lower than the Braxton County median.
The typical home in Gassaway was built around 1945. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. About 71% of homes were built before 1960, about 38 points above Braxton County's 34%.
In Gassaway, the housing stock is 66% single-family homes, 15% apartments in buildings with 5+ units and 10% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
28% of owner-occupied homes in Gassaway carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Gassaway has an owner-occupancy rate of 59% and a vacancy rate of 17%; unoccupied homes typically need a different coverage form.
Homes heated with wood can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies. Most homes in Gassaway - 68% - are primarily heated with natural gas.
What's the biggest home insurance risk near Gassaway? FEMA's National Risk Index points to inland flooding (Relatively Low) in Braxton County and Braxton County had 44 active NFIP flood policies as of September 2026. See the full Braxton County home insurance overview for all FEMA hazard ratings and flood coverage details. Flood damage is excluded from a standard homeowners policy.
According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in West Virginia carries a statewide average premium of $1,179 per year.
Key figures
| Median home value | $94,400 |
|---|---|
| Median year built | 1945 |
| Owner-occupied share | 59% |
| Share of owner-occupied homes with a mortgage | 28% |
| Top county hazard | Inland Flooding (Relatively Low) |
| Active NFIP policies in Braxton County | 44 |
| Home insurance premium | $1,179 - 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)