Home Insurance in Chatham, Illinois
Homes in Chatham carry a median value of $243,200 - 38% higher than the Sangamon County median.
The typical home in Chatham was built around 1995. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. About 4% of homes were built before 1960, about 28 points below Sangamon County's 32%.
The housing stock in Chatham is 83% single-family homes, 12% apartments in buildings with 5+ units and 1% mobile or manufactured homes.
About 72% of owner-occupied homes in Chatham have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Chatham has an owner-occupancy rate of 81% and a vacancy rate of 4%; unoccupied homes typically need a different coverage form.
Most homes in Chatham - 78% - are primarily heated with natural gas.
What's the biggest home insurance risk near Chatham? FEMA's National Risk Index points to tornado (Relatively High) in Sangamon County and Sangamon County had 185 active NFIP flood policies as of September 2026. See the full Sangamon 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 | $243,200 |
|---|---|
| Median year built | 1995 |
| Owner-occupied share | 81% |
| Share of owner-occupied homes with a mortgage | 72% |
| Top county hazard | Tornado (Relatively High) |
| Active NFIP policies in Sangamon County | 185 |
| 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)