Home Insurance in Monroe, Indiana
Homes in Monroe carry a median value of $164,400 - 8% lower than the Adams County median.
The typical home in Monroe was built around 1964. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. About 40% of homes were built before 1960, in line with Adams County (40%).
In Monroe, the housing stock is 88% single-family homes. The rest are 2-4 unit or other housing types.
In Monroe, about 63% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Monroe has an owner-occupancy rate of 78% and a vacancy rate of 1%; unoccupied homes typically need a different coverage form.
67% of homes in Monroe are primarily heated with natural gas.
Adams County had 47 active NFIP flood policies as of September 2026. Its top FEMA-rated hazard is strong wind (Relatively High). See the full Adams County home insurance overview for all FEMA hazard ratings and flood coverage details.
In Indiana, the statewide average premium for a standard HO-3 homeowners policy is $1,259 per year (NAIC, 2023 data).
Key figures
| Median home value | $164,400 |
|---|---|
| Median year built | 1964 |
| Owner-occupied share | 78% |
| Share of owner-occupied homes with a mortgage | 63% |
| Top county hazard | Strong Wind (Relatively High) |
| Active NFIP policies in Adams County | 47 |
| Home insurance premium | $1,259 - 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)