Home Insurance in North Chicago, Illinois
With a median home value of $159,600, North Chicago is 54% lower than the Lake County median.
The typical home in North Chicago was built around 1973. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. About 32% of homes were built before 1960, about 11 points above Lake County's 21%.
Housing in North Chicago breaks down to 51% single-family homes and 28% apartments in buildings with 5+ units. The rest are 2-4 unit or other housing types.
About 57% of owner-occupied homes in North Chicago have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
North Chicago has an owner-occupancy rate of 33% and a vacancy rate of 11%; unoccupied homes typically need a different coverage form.
Most homes in North Chicago - 71% - are primarily heated with natural gas.
Lake County had 2,078 active NFIP flood policies as of September 2026. Its top FEMA-rated hazard is tornado (Very High). See the full Lake 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 | $159,600 |
|---|---|
| Median year built | 1973 |
| Owner-occupied share | 33% |
| Share of owner-occupied homes with a mortgage | 57% |
| Top county hazard | Tornado (Very High) |
| Active NFIP policies in Lake County | 2,078 |
| 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)