Home Insurance in Redkey, Indiana
With a median home value of $85,400, Redkey is 27% lower than the Jay County median.
Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. The typical home in Redkey was built around 1952. About 62% of homes were built before 1960, about 11 points above Jay County's 51%.
Housing in Redkey breaks down to 85% single-family homes, 10% apartments in buildings with 5+ units and 2% mobile or manufactured homes.
About 65% of owner-occupied homes in Redkey have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Redkey has an owner-occupancy rate of 75% and a vacancy rate of 22%; unoccupied homes typically need a different coverage form.
Most homes in Redkey - 69% - are primarily heated with natural gas. Homes heated with propane and wood can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.
What's the biggest home insurance risk near Redkey? FEMA's National Risk Index points to tornado (Relatively Low) in Jay County and 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 | $85,400 |
|---|---|
| Median year built | 1952 |
| Owner-occupied share | 75% |
| Share of owner-occupied homes with a mortgage | 65% |
| 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)