Home Insurance in Cleveland, Illinois
Homes in Cleveland carry a median value of $178,800 - 18% higher than the Henry County median.
The typical home in Cleveland was built around 1972. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. About 30% of homes were built before 1960, about 19 points below Henry County's 49%.
Housing in Cleveland breaks down to 100% single-family homes.
In Cleveland, about 61% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Cleveland has an owner-occupancy rate of 93% and a vacancy rate of 8%; unoccupied homes typically need a different coverage form.
In Cleveland, 86% 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 | $178,800 |
|---|---|
| Median year built | 1972 |
| Owner-occupied share | 93% |
| Share of owner-occupied homes with a mortgage | 61% |
| Top county hazard | Strong Wind (Relatively High) |
| Active NFIP policies in Henry County | 133 |
| 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)