Home Insurance in Niles, Illinois
The median home value in Niles is $358,700, 11% higher than the Cook County median.
The typical home in Niles was built around 1965. About 39% of homes were built before 1960, about 10 points below Cook County's 49%. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing.
In Niles, the housing stock is 60% single-family homes, 33% apartments in buildings with 5+ units and 1% mobile or manufactured homes.
In Niles, about 52% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Niles has an owner-occupancy rate of 75% and a vacancy rate of 6%; unoccupied homes typically need a different coverage form.
82% of homes in Niles are primarily heated with natural gas.
What's the biggest home insurance risk near Niles? FEMA's National Risk Index points to winter weather (Very High) in Cook County and 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 | $358,700 |
|---|---|
| Median year built | 1965 |
| Owner-occupied share | 75% |
| Share of owner-occupied homes with a mortgage | 52% |
| 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)