Home Insurance in Lacon, Illinois
With a median home value of $121,900, Lacon is 15% lower than the Marshall County median.
The typical home in Lacon was built around 1959. About 51% of homes were built before 1960, about 2 points above Marshall County's 49%. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.
In Lacon, the housing stock is 83% single-family homes and 4% apartments in buildings with 5+ units. The rest are 2-4 unit or other housing types.
56% of owner-occupied homes in Lacon carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Lacon has an owner-occupancy rate of 72% and a vacancy rate of 6%; unoccupied homes typically need a different coverage form.
71% of homes in Lacon are primarily heated with natural gas.
Marshall County's top FEMA-rated hazard is strong wind (Relatively Moderate), per FEMA's National Risk Index. Marshall County had 26 active NFIP flood policies as of September 2026. See the full Marshall 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 | $121,900 |
|---|---|
| Median year built | 1959 |
| Owner-occupied share | 72% |
| Share of owner-occupied homes with a mortgage | 56% |
| Top county hazard | Strong Wind (Relatively Moderate) |
| Active NFIP policies in Marshall County | 26 |
| 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)