Home Insurance in Prince's Lakes, Indiana
With a median home value of $245,000, Prince's Lakes is 14% lower than the Johnson County median.
The typical home in Prince's Lakes was built around 1966. About 37% of homes were built before 1960, about 21 points above Johnson County's 15%. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing.
Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Prince's Lakes is 96% single-family homes and 4% mobile or manufactured homes.
73% of owner-occupied homes in Prince's Lakes carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Prince's Lakes has an owner-occupancy rate of 95% and a vacancy rate of 24%; unoccupied homes typically need a different coverage form.
Most homes in Prince's Lakes - 65% - 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.
What's the biggest home insurance risk near Prince's Lakes? FEMA's National Risk Index points to strong wind (Relatively High) in Johnson County and 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.
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 | $245,000 |
|---|---|
| Median year built | 1966 |
| Owner-occupied share | 95% |
| Share of owner-occupied homes with a mortgage | 73% |
| 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)