Home Insurance in Greenfield, Indiana
The median home value in Greenfield is $216,400, 21% lower than the Hancock 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 Greenfield was built around 1995. About 21% of homes were built before 1960, about 2 points above Hancock County's 18%.
Housing in Greenfield breaks down to 78% single-family homes, 12% apartments in buildings with 5+ units and 2% mobile or manufactured homes.
73% of owner-occupied homes in Greenfield carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Greenfield has an owner-occupancy rate of 65% and a vacancy rate of 1%; unoccupied homes typically need a different coverage form.
Most homes in Greenfield - 68% - are primarily heated with natural gas.
FEMA rates Hancock County's overall risk as Relatively Low, led by tornado (Relatively Moderate). Hancock County had 194 active NFIP flood policies as of September 2026. See the full Hancock 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 | $216,400 |
|---|---|
| Median year built | 1995 |
| Owner-occupied share | 65% |
| Share of owner-occupied homes with a mortgage | 73% |
| Top county hazard | Tornado (Relatively Moderate) |
| Active NFIP policies in Hancock County | 194 |
| 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)