HomeInsuranceQts

Home Insurance in Cambridge, Illinois

The median home value in Cambridge is $123,100, 19% lower than the Henry County median.

The median home in Cambridge was built in 1939 or earlier. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. About 64% of homes were built before 1960, about 15 points above Henry County's 49%.

Housing in Cambridge breaks down to 92% single-family homes and 1% apartments in buildings with 5+ units.

About 65% of owner-occupied homes in Cambridge have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.

The vacancy rate is 10%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 87% of occupied homes in Cambridge are owner-occupied.

In Cambridge, 83% of homes are primarily heated with natural gas.

Henry County had 133 active NFIP flood policies as of September 2026. Its top FEMA-rated hazard is strong wind (Relatively High). See the full Henry County home insurance overview for all FEMA hazard ratings and flood coverage details.

According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in Illinois carries a statewide average premium of $1,480 per year.

Key figures

Median home value$123,100
Median year built1939 or earlier
Owner-occupied share87%
Share of owner-occupied homes with a mortgage65%
Top county hazardStrong Wind (Relatively High)
Active NFIP policies in Henry County133
Home insurance premium$1,480 - statewide average (NAIC, 2023 data)
Key home insurance figures for Cambridge, IL

Nearby towns

Sources

Data last updated: 2026-09-29