Home Insurance in Hamel, Illinois
Homes in Hamel carry a median value of $251,300 - 45% higher than the Madison County median.
The typical home in Hamel was built around 1979. About 27% of homes were built before 1960, about 10 points below Madison County's 36%. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing.
Housing in Hamel breaks down to 83% single-family homes. The rest are 2-4 unit or other housing types.
About 64% of owner-occupied homes in Hamel have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
The vacancy rate is 4%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 76% of occupied homes in Hamel are owner-occupied.
73% of homes in Hamel are primarily heated with natural gas.
Madison County's top FEMA-rated hazard is tornado (Relatively High), per FEMA's National Risk Index. Madison County had 934 active NFIP flood policies as of September 2026. See the full Madison County home insurance overview for all FEMA hazard ratings and flood coverage details.
In Illinois, the statewide average premium for a standard HO-3 homeowners policy is $1,480 per year (NAIC, 2023 data).
Key figures
| Median home value | $251,300 |
|---|---|
| Median year built | 1979 |
| Owner-occupied share | 76% |
| Share of owner-occupied homes with a mortgage | 64% |
| Top county hazard | Tornado (Relatively High) |
| Active NFIP policies in Madison County | 934 |
| 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)