Home Insurance in Spiceland, Indiana
The median home value in Spiceland is $118,300, 23% lower than the Henry County median.
Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. The typical home in Spiceland was built around 1953. About 61% of homes were built before 1960, about 12 points above Henry County's 49%.
The housing stock in Spiceland is 91% single-family homes, 3% apartments in buildings with 5+ units and 2% mobile or manufactured homes.
About 68% of owner-occupied homes in Spiceland have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Spiceland has an owner-occupancy rate of 69% and a vacancy rate of 13%; unoccupied homes typically need a different coverage form.
Most homes in Spiceland - 77% - are primarily heated with natural gas.
FEMA rates Henry County's overall risk as Relatively Low, led by tornado (Relatively Moderate). Henry County had 60 active NFIP flood policies as of September 2026. See the full Henry 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 Indiana carries a statewide average premium of $1,259 per year.
Key figures
| Median home value | $118,300 |
|---|---|
| Median year built | 1953 |
| Owner-occupied share | 69% |
| Share of owner-occupied homes with a mortgage | 68% |
| Top county hazard | Tornado (Relatively Moderate) |
| Active NFIP policies in Henry County | 60 |
| 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)