Home Insurance in Urbana, Illinois
With a median home value of $184,900, Urbana is 13% lower than the Champaign County median.
Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. The typical home in Urbana was built around 1980. About 25% of homes were built before 1960, about 1 point above Champaign County's 24%.
Housing in Urbana breaks down to 43% single-family homes and 48% apartments in buildings with 5+ units.
54% of owner-occupied homes in Urbana carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
The vacancy rate is 12%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 37% of occupied homes in Urbana are owner-occupied.
49% of homes in Urbana are primarily heated with natural gas.
FEMA rates Champaign County's overall risk as Relatively Moderate, led by winter weather (Relatively High). 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 | $184,900 |
|---|---|
| Median year built | 1980 |
| Owner-occupied share | 37% |
| Share of owner-occupied homes with a mortgage | 54% |
| 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)