Home Insurance in Pennville, Indiana
Homes in Pennville carry a median value of $84,100 - 28% lower than the Jay County median.
The median home in Pennville was built in 1939 or earlier. About 56% of homes were built before 1960, about 5 points above Jay County's 51%. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing.
The housing stock in Pennville is 82% single-family homes, 2% apartments in buildings with 5+ units and 17% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
About 37% of owner-occupied homes in Pennville have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Pennville has an owner-occupancy rate of 69% and a vacancy rate of 11%; unoccupied homes typically need a different coverage form.
In Pennville, 63% of homes are primarily heated with natural gas. Homes heated with propane can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.
FEMA rates Jay County's overall risk as Very Low, led by tornado (Relatively Low). Jay County had 17 active NFIP flood policies as of September 2026. See the full Jay 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 | $84,100 |
|---|---|
| Median year built | 1939 or earlier |
| Owner-occupied share | 69% |
| Share of owner-occupied homes with a mortgage | 37% |
| Top county hazard | Tornado (Relatively Low) |
| Active NFIP policies in Jay County | 17 |
| 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)