Home Insurance in Chillicothe, Illinois
The median home value in Chillicothe is $132,900, 16% lower than the Peoria County median.
The typical home in Chillicothe was built around 1964. About 43% of homes were built before 1960, about 1 point above Peoria County's 42%. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild.
In Chillicothe, the housing stock is 89% single-family homes, 7% apartments in buildings with 5+ units and 2% mobile or manufactured homes.
About 55% of owner-occupied homes in Chillicothe have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
About 84% of occupied homes in Chillicothe are owner-occupied. The vacancy rate is 8%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
75% of homes in Chillicothe are primarily heated with natural gas.
Peoria County's top FEMA-rated hazard is tornado (Relatively High), per FEMA's National Risk Index. Peoria County had 363 active NFIP flood policies as of September 2026. See the full Peoria 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 | $132,900 |
|---|---|
| Median year built | 1964 |
| Owner-occupied share | 84% |
| Share of owner-occupied homes with a mortgage | 55% |
| Top county hazard | Tornado (Relatively High) |
| Active NFIP policies in Peoria County | 363 |
| 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)