Home Insurance in Omaha, Illinois
Homes in Omaha carry a median value of $47,500 - 43% lower than the Gallatin County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Omaha was built around 1962. About 46% of homes were built before 1960, about 8 points above Gallatin County's 39%.
In Omaha, the housing stock is 86% single-family homes and 10% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
In Omaha, about 7% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Omaha has an owner-occupancy rate of 85% and a vacancy rate of 28%; unoccupied homes typically need a different coverage form.
Most homes in Omaha - 69% - are primarily heated with natural gas.
FEMA rates Gallatin County's overall risk as Very Low, led by earthquake (Relatively Low). Gallatin County had 30 active NFIP flood policies as of September 2026. See the full Gallatin County home insurance overview for all FEMA hazard ratings and flood coverage details. Earthquake damage is excluded from a standard homeowners policy.
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 | $47,500 |
|---|---|
| Median year built | 1962 |
| Owner-occupied share | 85% |
| Share of owner-occupied homes with a mortgage | 7% |
| Top county hazard | Earthquake (Relatively Low) |
| Active NFIP policies in Gallatin County | 30 |
| 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)