Home Insurance in Oakwood Hills, Illinois
With a median home value of $282,300, Oakwood Hills is 8% lower than the McHenry County median.
The typical home in Oakwood Hills was built around 1981. About 16% of homes were built before 1960, about 2 points below McHenry County's 18%. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing.
In Oakwood Hills, the housing stock is 96% single-family homes and 4% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
64% of owner-occupied homes in Oakwood Hills carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Oakwood Hills has an owner-occupancy rate of 91% and a vacancy rate of 1%; unoccupied homes typically need a different coverage form.
95% of homes in Oakwood Hills are primarily heated with natural gas.
What's the biggest home insurance risk near Oakwood Hills? FEMA's National Risk Index points to tornado (Relatively High) in McHenry County and McHenry County had 789 active NFIP flood policies as of September 2026. See the full McHenry 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 | $282,300 |
|---|---|
| Median year built | 1981 |
| Owner-occupied share | 91% |
| Share of owner-occupied homes with a mortgage | 64% |
| Top county hazard | Tornado (Relatively High) |
| Active NFIP policies in McHenry County | 789 |
| Home insurance premium | $1,480 - statewide average (NAIC, 2023 data) |
Nearby towns
- Port Barrington
- Prairie Grove
- Cary
- Island Lake
- Holiday Hills
- Trout Valley
- Fox River Grove
- Lake Barrington
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)