Home Insurance in Sheffield, Illinois
With a median home value of $102,400, Sheffield is 19% lower than the Bureau County median.
Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. The typical home in Sheffield was built around 1946. About 72% of homes were built before 1960, about 20 points above Bureau County's 52%.
Housing in Sheffield breaks down to 96% single-family homes and 2% apartments in buildings with 5+ units.
In Sheffield, about 63% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Sheffield has an owner-occupancy rate of 76% and a vacancy rate of 17%; unoccupied homes typically need a different coverage form.
80% of homes in Sheffield are primarily heated with natural gas.
FEMA rates Bureau County's overall risk as Relatively Low, led by tornado (Relatively Moderate). Bureau County had 60 active NFIP flood policies as of September 2026. See the full Bureau County home insurance overview for all FEMA hazard ratings and flood coverage details.
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 | $102,400 |
|---|---|
| Median year built | 1946 |
| Owner-occupied share | 76% |
| Share of owner-occupied homes with a mortgage | 63% |
| Top county hazard | Tornado (Relatively Moderate) |
| Active NFIP policies in Bureau County | 60 |
| 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)