Home Insurance in Gifford, Illinois
With a median home value of $171,200, Gifford is 19% lower than the Champaign County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Gifford was built around 1983. About 28% of homes were built before 1960, about 4 points above Champaign County's 24%.
The housing stock in Gifford is 87% single-family homes and 11% apartments in buildings with 5+ units.
About 60% of owner-occupied homes in Gifford have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
About 95% of occupied homes in Gifford are owner-occupied. The vacancy rate is 5%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
Most homes in Gifford - 78% - are primarily heated with natural gas.
Champaign County's top FEMA-rated hazard is winter weather (Relatively High), per FEMA's National Risk Index. Champaign County had 217 active NFIP flood policies as of September 2026. See the full Champaign 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 | $171,200 |
|---|---|
| Median year built | 1983 |
| Owner-occupied share | 95% |
| Share of owner-occupied homes with a mortgage | 60% |
| Top county hazard | Winter Weather (Relatively High) |
| Active NFIP policies in Champaign County | 217 |
| 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)