Home Insurance in Marshall County, Illinois
The median home value in Marshall County is $142,800, 46% lower than the Illinois median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Marshall County was built around 1961. About 49% of homes were built before 1960, about 11 points above Illinois's 38%.
The housing stock in Marshall County is 90% single-family homes, 3% apartments in buildings with 5+ units and 1% mobile or manufactured homes.
About 48% of owner-occupied homes in Marshall County have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
About 79% of occupied homes in Marshall County are owner-occupied. The vacancy rate is 12%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
Most homes in Marshall County - 54% - are primarily heated with natural gas. Homes heated with propane can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.
The top hazards for Marshall County, per FEMA's National Risk Index, are strong wind (Relatively Moderate), earthquake (Very Low) and tornado (Relatively Low). Standard homeowners policies exclude earthquake, so separate coverage is usually needed.
Standard homeowners insurance does not cover flood damage, so flood coverage needs a separate NFIP or private flood policy. As of September 2026, Marshall County has 26 active NFIP flood policies on file.
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 | $142,800 |
|---|---|
| Median year built | 1961 |
| Owner-occupied share | 79% |
| Share of owner-occupied homes with a mortgage | 48% |
| Top hazards (FEMA National Risk Index) | Strong Wind (Relatively Moderate), Earthquake (Very Low), Tornado (Relatively Low) |
| Active NFIP flood policies (county) | 26 |
| Home insurance premium | $1,480 - statewide average (NAIC, 2023 data) |
Towns and cities
Smaller communities
-
Hopewell
- Median home value: $182,700
- Median year built: 1979
- Owner-occupied share: 100%
-
Sparland
- Median home value: $83,600
- Median year built: 1960
- Owner-occupied share: 89%
Sources
- 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)