Home Insurance in Ramsey, Illinois
The median home value in Ramsey is $65,800, 50% lower than the Fayette County median.
The typical home in Ramsey was built around 1964. About 43% of homes were built before 1960, about 5 points above Fayette County's 38%. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild.
Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Ramsey is 82% single-family homes and 16% mobile or manufactured homes.
42% of owner-occupied homes in Ramsey carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Ramsey has an owner-occupancy rate of 83% and a vacancy rate of 10%; unoccupied homes typically need a different coverage form.
Most homes in Ramsey - 58% - are primarily heated with natural gas.
Fayette County had 2 active NFIP flood policies as of September 2026. Its top FEMA-rated hazard is earthquake (Relatively Low). See the full Fayette County home insurance overview for all FEMA hazard ratings and flood coverage details. Earthquake damage is excluded from a standard homeowners policy.
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 | $65,800 |
|---|---|
| Median year built | 1964 |
| Owner-occupied share | 83% |
| Share of owner-occupied homes with a mortgage | 42% |
| Top county hazard | Earthquake (Relatively Low) |
| Active NFIP policies in Fayette County | 2 |
| 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)