Home Insurance in Waterloo, Alabama
With a median home value of $98,800, Waterloo is 51% lower than the Lauderdale County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Waterloo was built around 1964. About 45% of homes were built before 1960, about 25 points above Lauderdale County's 19%.
In Waterloo, the housing stock is 87% single-family homes and 13% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
17% of owner-occupied homes in Waterloo carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
The vacancy rate is 39%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 84% of occupied homes in Waterloo are owner-occupied.
Most homes in Waterloo - 70% - are primarily heated with electricity. Homes heated with propane can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.
Lauderdale County had 136 active NFIP flood policies as of September 2026. Its top FEMA-rated hazard is strong wind (Relatively High). See the full Lauderdale County home insurance overview for all FEMA hazard ratings and flood coverage details.
According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in Alabama carries a statewide average premium of $1,906 per year.
Key figures
| Median home value | $98,800 |
|---|---|
| Median year built | 1964 |
| Owner-occupied share | 84% |
| Share of owner-occupied homes with a mortgage | 17% |
| Top county hazard | Strong Wind (Relatively High) |
| Active NFIP policies in Lauderdale County | 136 |
| Home insurance premium | $1,906 - 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)