Home Insurance in Carthage, Illinois
The median home value in Carthage is $112,900, close to the Hancock County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Carthage was built around 1957. About 55% of homes were built before 1960, about 9 points above Hancock County's 46%.
Housing in Carthage breaks down to 77% single-family homes, 15% apartments in buildings with 5+ units and 2% mobile or manufactured homes.
In Carthage, about 50% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
About 73% of occupied homes in Carthage are owner-occupied. The vacancy rate is 18%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
In Carthage, 58% of homes are primarily heated with natural gas.
What's the biggest home insurance risk near Carthage? FEMA's National Risk Index points to strong wind (Relatively Moderate) in Hancock County and Hancock County had 60 active NFIP flood policies as of September 2026. See the full Hancock 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 | $112,900 |
|---|---|
| Median year built | 1957 |
| Owner-occupied share | 73% |
| Share of owner-occupied homes with a mortgage | 50% |
| Top county hazard | Strong Wind (Relatively Moderate) |
| Active NFIP policies in Hancock County | 60 |
| 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)