Home Insurance in Montgomery County, Illinois
Homes in Montgomery County carry a median value of $112,300 - 57% lower than the Illinois median.
The typical home in Montgomery County was built around 1964. About 46% of homes were built before 1960, about 8 points above Illinois's 38%. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.
The housing stock in Montgomery County is 85% single-family homes, 5% apartments in buildings with 5+ units and 6% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
51% of owner-occupied homes in Montgomery County carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Montgomery County has an owner-occupancy rate of 77% and a vacancy rate of 9%; unoccupied homes typically need a different coverage form.
Most homes in Montgomery 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.
Per FEMA's National Risk Index, Montgomery County's top hazards are earthquake (Relatively Moderate), strong wind (Relatively High) and hail (Relatively Moderate). Standard homeowners policies exclude earthquake, so separate coverage is usually needed.
Montgomery County had 3 active National Flood Insurance Program policies as of September 2026. Standard homeowners insurance does not cover flood damage, so flood coverage needs a separate NFIP or private flood policy.
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 | $112,300 |
|---|---|
| Median year built | 1964 |
| Owner-occupied share | 77% |
| Share of owner-occupied homes with a mortgage | 51% |
| Top hazards (FEMA National Risk Index) | Earthquake (Relatively Moderate), Strong Wind (Relatively High), Hail (Relatively Moderate) |
| Active NFIP flood policies (county) | 3 |
| Home insurance premium | $1,480 - statewide average (NAIC, 2023 data) |
Towns and cities
- Butler
- Coalton
- Donnellson
- Fillmore
- Harvel
- Hillsboro
- Litchfield
- Nokomis
- Ohlman
- Panama
- Raymond
- Taylor Springs
- Waggoner
- Walshville
- Wenonah
- Witt
Smaller communities
-
Coffeen
- Median home value: $60,800
- Median year built: 1957
- Owner-occupied share: 71%
-
Farmersville
- Median home value: $116,900
- Median year built: 1963
- Owner-occupied share: 80%
-
Irving
- Median home value: $43,100
- Median year built: 1945
- Owner-occupied share: 90%
-
Schram City
- Median home value: $94,300
- Median year built: 1962
- Owner-occupied share: 56%
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)