HomeInsuranceQts

Home Insurance in Romney, West Virginia

With a median home value of $184,400, Romney is 16% lower than the Hampshire County median.

Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Romney was built around 1973. About 35% of homes were built before 1960, about 14 points above Hampshire County's 21%.

In Romney, the housing stock is 61% single-family homes, 22% apartments in buildings with 5+ units and 4% 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.

66% of owner-occupied homes in Romney carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.

Romney has an owner-occupancy rate of 49% and a vacancy rate of 20%; unoccupied homes typically need a different coverage form.

In Romney, 76% of homes are primarily heated with electricity. Homes heated with fuel oil and wood can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.

FEMA rates Hampshire County's overall risk as Very Low, led by hurricane (Relatively Low). Hampshire County had 125 active NFIP flood policies as of September 2026. See the full Hampshire County home insurance overview for all FEMA hazard ratings and flood coverage details.

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$184,400
Median year built1973
Owner-occupied share49%
Share of owner-occupied homes with a mortgage66%
Top county hazardHurricane (Relatively Low)
Active NFIP policies in Hampshire County125
Home insurance premium$1,179 - statewide average (NAIC, 2023 data)
Key home insurance figures for Romney, WV

Nearby towns

Sources

Data last updated: 2026-09-29