Home Insurance in Montgomery, West Virginia
With a median home value of $133,000, Montgomery is 26% higher than the Fayette County median.
The typical home in Montgomery was built around 1969. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. About 34% of homes were built before 1960, about 6 points below Fayette County's 40%.
The housing stock in Montgomery is 50% single-family homes and 35% apartments in buildings with 5+ units. The rest are 2-4 unit or other housing types.
In Montgomery, about 41% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
About 37% of occupied homes in Montgomery are owner-occupied. The vacancy rate is 22%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
57% of homes in Montgomery are primarily heated with electricity.
FEMA rates Fayette County's overall risk as Relatively Low, led by inland flooding (Relatively Low). Fayette County had 103 active NFIP flood policies as of September 2026. See the full Fayette County home insurance overview for all FEMA hazard ratings and flood coverage details. Flood damage is excluded from a standard homeowners policy.
In West Virginia, the statewide average premium for a standard HO-3 homeowners policy is $1,179 per year (NAIC, 2023 data).
Key figures
| Median home value | $133,000 |
|---|---|
| Median year built | 1969 |
| Owner-occupied share | 37% |
| Share of owner-occupied homes with a mortgage | 41% |
| Top county hazard | Inland Flooding (Relatively Low) |
| Active NFIP policies in Fayette County | 103 |
| 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)