Home Insurance in Smithboro, Illinois
With a median home value of $67,700, Smithboro is 54% lower than the Bond County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Smithboro was built around 1967. About 34% of homes were built before 1960, in line with Bond County (34%).
The housing stock in Smithboro is 75% single-family homes and 25% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
52% of owner-occupied homes in Smithboro carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
The vacancy rate is 14%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 87% of occupied homes in Smithboro are owner-occupied.
Most homes in Smithboro - 79% - are primarily heated with natural gas.
Bond County's top FEMA-rated hazard is earthquake (Relatively Low), per FEMA's National Risk Index. Bond County had 7 active NFIP flood policies as of September 2026. See the full Bond County home insurance overview for all FEMA hazard ratings and flood coverage details. Earthquake damage is excluded from a standard homeowners policy.
In Illinois, the statewide average premium for a standard HO-3 homeowners policy is $1,480 per year (NAIC, 2023 data).
Key figures
| Median home value | $67,700 |
|---|---|
| Median year built | 1967 |
| Owner-occupied share | 87% |
| Share of owner-occupied homes with a mortgage | 52% |
| Top county hazard | Earthquake (Relatively Low) |
| Active NFIP policies in Bond County | 7 |
| Home insurance premium | $1,480 - 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)