Home Insurance in Bay View Gardens, Illinois
Homes in Bay View Gardens carry a median value of $122,800 - 38% lower than the Woodford County median.
The typical home in Bay View Gardens was built around 1963. About 46% of homes were built before 1960, about 9 points above Woodford County's 36%. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.
The housing stock in Bay View Gardens is 88% single-family homes and 4% apartments in buildings with 5+ units.
In Bay View Gardens, about 53% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Bay View Gardens has an owner-occupancy rate of 71% and a vacancy rate of 8%; unoccupied homes typically need a different coverage form.
In Bay View Gardens, 90% of homes are primarily heated with natural gas.
Woodford County's top FEMA-rated hazard is earthquake (Very Low), per FEMA's National Risk Index. Woodford County had 104 active NFIP flood policies as of September 2026. See the full Woodford County home insurance overview for all FEMA hazard ratings and flood coverage details. Earthquake damage is excluded from a standard homeowners policy.
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 | $122,800 |
|---|---|
| Median year built | 1963 |
| Owner-occupied share | 71% |
| Share of owner-occupied homes with a mortgage | 53% |
| Top county hazard | Earthquake (Very Low) |
| Active NFIP policies in Woodford County | 104 |
| 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)