Home Insurance in Berkeley, Illinois
The median home value in Berkeley is $246,900, 24% lower than the Cook County median.
Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. The typical home in Berkeley was built around 1955. About 68% of homes were built before 1960, about 20 points above Cook County's 49%.
Housing in Berkeley breaks down to 82% single-family homes and 9% apartments in buildings with 5+ units.
About 74% of owner-occupied homes in Berkeley have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Berkeley has an owner-occupancy rate of 82% and a vacancy rate of 3%; unoccupied homes typically need a different coverage form.
Most homes in Berkeley - 93% - are primarily heated with natural gas.
Cook County's top FEMA-rated hazard is winter weather (Very High), per FEMA's National Risk Index. Cook County had 11,554 active NFIP flood policies as of September 2026. See the full Cook 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 | $246,900 |
|---|---|
| Median year built | 1955 |
| Owner-occupied share | 82% |
| Share of owner-occupied homes with a mortgage | 74% |
| Top county hazard | Winter Weather (Very High) |
| Active NFIP policies in Cook County | 11,554 |
| 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)