Home Insurance in Lanark, Illinois
The median home value in Lanark is $96,600, 16% lower than the Carroll County median.
The typical home in Lanark was built around 1943. About 73% of homes were built before 1960, about 20 points above Carroll County's 53%. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild.
Housing in Lanark breaks down to 90% single-family homes, 6% apartments in buildings with 5+ units and 1% mobile or manufactured homes.
43% of owner-occupied homes in Lanark carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Lanark has an owner-occupancy rate of 79% and a vacancy rate of 14%; unoccupied homes typically need a different coverage form.
82% of homes in Lanark are primarily heated with natural gas.
FEMA rates Carroll County's overall risk as Very Low, led by strong wind (Relatively Moderate). Carroll County had 18 active NFIP flood policies as of September 2026. See the full Carroll 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 Illinois is $1,480 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $96,600 |
|---|---|
| Median year built | 1943 |
| Owner-occupied share | 79% |
| Share of owner-occupied homes with a mortgage | 43% |
| Top county hazard | Strong Wind (Relatively Moderate) |
| Active NFIP policies in Carroll County | 18 |
| 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)