Home Insurance in Greenwood, Indiana
The median home value in Greenwood is $276,100, close to the Johnson County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Greenwood was built around 1996. About 9% of homes were built before 1960, about 6 points below Johnson County's 15%.
The housing stock in Greenwood is 72% single-family homes, 21% apartments in buildings with 5+ units and 2% mobile or manufactured homes.
67% of owner-occupied homes in Greenwood carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Greenwood has an owner-occupancy rate of 59% and a vacancy rate of 5%; unoccupied homes typically need a different coverage form.
61% of homes in Greenwood are primarily heated with natural gas.
Johnson County's top FEMA-rated hazard is strong wind (Relatively High), per FEMA's National Risk Index. Johnson County had 392 active NFIP flood policies as of September 2026. See the full Johnson 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 | $276,100 |
|---|---|
| Median year built | 1996 |
| Owner-occupied share | 59% |
| Share of owner-occupied homes with a mortgage | 67% |
| Top county hazard | Strong Wind (Relatively High) |
| Active NFIP policies in Johnson County | 392 |
| 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)