Home Insurance in Shorewood, Illinois
The median home value in Shorewood is $337,800, 6% higher than the Will County median.
The typical home in Shorewood was built around 2002. About 3% of homes were built before 1960, about 13 points below Will County's 15%. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.
In Shorewood, the housing stock is 96% single-family homes, 2% apartments in buildings with 5+ units and 1% mobile or manufactured homes.
In Shorewood, about 65% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Shorewood has an owner-occupancy rate of 97% and a vacancy rate of 4%; unoccupied homes typically need a different coverage form.
97% of homes in Shorewood are primarily heated with natural gas.
Will County's top FEMA-rated hazard is tornado (Very High), per FEMA's National Risk Index. Will County had 1,158 active NFIP flood policies as of September 2026. See the full Will County home insurance overview for all FEMA hazard ratings and flood coverage details.
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 | $337,800 |
|---|---|
| Median year built | 2002 |
| Owner-occupied share | 97% |
| Share of owner-occupied homes with a mortgage | 65% |
| Top county hazard | Tornado (Very High) |
| Active NFIP policies in Will County | 1,158 |
| 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)