Home Insurance in Monument, Colorado
Homes in Monument carry a median value of $636,700 - 38% higher than the El Paso County median.
The typical home in Monument was built around 2006. About 4% of homes were built before 1960, about 9 points below El Paso County's 12%. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing.
The housing stock in Monument is 85% single-family homes, 12% apartments in buildings with 5+ units and 2% mobile or manufactured homes.
80% of owner-occupied homes in Monument carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Monument has an owner-occupancy rate of 76% and a vacancy rate of 3%; unoccupied homes typically need a different coverage form.
79% of homes in Monument are primarily heated with natural gas.
El Paso County's top FEMA-rated hazard is winter weather (Very High), per FEMA's National Risk Index. El Paso County had 1,406 active NFIP flood policies as of September 2026. See the full El Paso County home insurance overview for all FEMA hazard ratings and flood coverage details.
The statewide average premium for a standard HO-3 homeowners policy in Colorado is $2,492 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $636,700 |
|---|---|
| Median year built | 2006 |
| Owner-occupied share | 76% |
| Share of owner-occupied homes with a mortgage | 80% |
| Top county hazard | Winter Weather (Very High) |
| Active NFIP policies in El Paso County | 1,406 |
| Home insurance premium | $2,492 - statewide average (NAIC, 2023 data) |
Nearby towns
- Palmer Lake
- Larkspur
- Woodland Park
- Green Mountain Falls
- Colorado Springs
- Manitou Springs
- Castle Rock
- Elizabeth
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)