Home Insurance in Louisville, Illinois
The median home value in Louisville is $87,100, 11% lower than the Clay County median.
The typical home in Louisville was built around 1972. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. About 38% of homes were built before 1960, in line with Clay County (38%).
In Louisville, the housing stock is 67% single-family homes, 8% apartments in buildings with 5+ units and 18% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
55% of owner-occupied homes in Louisville carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Louisville has an owner-occupancy rate of 55% and a vacancy rate of 12%; unoccupied homes typically need a different coverage form.
64% of homes in Louisville are primarily heated with natural gas.
What's the biggest home insurance risk near Louisville? FEMA's National Risk Index points to earthquake (Relatively Low) in Clay County and Clay County had 10 active NFIP flood policies as of September 2026. See the full Clay County home insurance overview for all FEMA hazard ratings and flood coverage details. Earthquake damage is excluded from a standard homeowners policy.
According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in Illinois carries a statewide average premium of $1,480 per year.
Key figures
| Median home value | $87,100 |
|---|---|
| Median year built | 1972 |
| Owner-occupied share | 55% |
| Share of owner-occupied homes with a mortgage | 55% |
| Top county hazard | Earthquake (Relatively Low) |
| Active NFIP policies in Clay County | 10 |
| 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)