HomeInsuranceQts

Home Insurance in Calumet Park, Illinois

The median home value in Calumet Park is $184,700, 43% 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 Calumet Park was built around 1960. About 49% of homes were built before 1960, in line with Cook County (49%).

Housing in Calumet Park breaks down to 69% single-family homes, 25% apartments in buildings with 5+ units and 1% mobile or manufactured homes.

64% of owner-occupied homes in Calumet Park carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.

Calumet Park has an owner-occupancy rate of 55% and a vacancy rate of 9%; unoccupied homes typically need a different coverage form.

82% of homes in Calumet Park are primarily heated with natural gas.

FEMA rates Cook County's overall risk as Very High, led by winter weather (Very High). 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.

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$184,700
Median year built1960
Owner-occupied share55%
Share of owner-occupied homes with a mortgage64%
Top county hazardWinter Weather (Very High)
Active NFIP policies in Cook County11,554
Home insurance premium$1,480 - statewide average (NAIC, 2023 data)
Key home insurance figures for Calumet Park, IL

Nearby towns

Sources

Data last updated: 2026-09-29