HomeInsuranceQts

Home Insurance in Wilmington, Illinois

With a median home value of $223,800, Wilmington is 30% lower than the Will County median.

Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. The typical home in Wilmington was built around 1972. About 29% of homes were built before 1960, about 13 points above Will County's 15%.

Housing in Wilmington breaks down to 75% single-family homes and 13% apartments in buildings with 5+ units. The rest are 2-4 unit or other housing types.

In Wilmington, about 60% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.

Wilmington has an owner-occupancy rate of 64% and a vacancy rate of 4%; unoccupied homes typically need a different coverage form.

79% of homes in Wilmington are primarily heated with natural gas.

FEMA rates Will County's overall risk as Relatively High, led by tornado (Very High). 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.

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$223,800
Median year built1972
Owner-occupied share64%
Share of owner-occupied homes with a mortgage60%
Top county hazardTornado (Very High)
Active NFIP policies in Will County1,158
Home insurance premium$1,480 - statewide average (NAIC, 2023 data)
Key home insurance figures for Wilmington, Will County, IL

Nearby towns

Sources

Data last updated: 2026-09-29