Home Insurance in La Fayette, Illinois
With a median home value of $50,900, La Fayette is 51% lower than the Stark County median.
The typical home in La Fayette was built around 1943. About 86% of homes were built before 1960, about 32 points above Stark County's 54%. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.
The housing stock in La Fayette is 97% single-family homes and 1% mobile or manufactured homes.
In La Fayette, about 61% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
La Fayette has an owner-occupancy rate of 96% and a vacancy rate of 11%; unoccupied homes typically need a different coverage form.
80% of homes in La Fayette are primarily heated with natural gas.
Stark County's top FEMA-rated hazard is strong wind (Relatively Low), per FEMA's National Risk Index. Stark County had 5 active NFIP flood policies as of September 2026. See the full Stark 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 | $50,900 |
|---|---|
| Median year built | 1943 |
| Owner-occupied share | 96% |
| Share of owner-occupied homes with a mortgage | 61% |
| Top county hazard | Strong Wind (Relatively Low) |
| Active NFIP policies in Stark County | 5 |
| 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)