Home Insurance in Fairmount, Indiana
Homes in Fairmount carry a median value of $103,200 - 16% lower than the Grant County median.
The typical home in Fairmount was built around 1952. About 62% of homes were built before 1960, about 17 points above Grant County's 45%. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.
In Fairmount, the housing stock is 91% single-family homes and 5% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
48% of owner-occupied homes in Fairmount carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Fairmount has an owner-occupancy rate of 78% and a vacancy rate of 8%; unoccupied homes typically need a different coverage form.
74% of homes in Fairmount are primarily heated with natural gas.
FEMA rates Grant County's overall risk as Relatively Low, led by tornado (Relatively Moderate). Grant County had 76 active NFIP flood policies as of September 2026. See the full Grant 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 Indiana is $1,259 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $103,200 |
|---|---|
| Median year built | 1952 |
| Owner-occupied share | 78% |
| Share of owner-occupied homes with a mortgage | 48% |
| Top county hazard | Tornado (Relatively Moderate) |
| Active NFIP policies in Grant County | 76 |
| 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)