Home Insurance in Oaktown, Indiana
Homes in Oaktown carry a median value of $65,200 - 53% lower than the Knox County median.
The typical home in Oaktown was built around 1973. About 46% of homes were built before 1960, about 2 points below Knox County's 48%. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild.
In Oaktown, the housing stock is 55% single-family homes, 7% apartments in buildings with 5+ units and 18% mobile or manufactured homes. The rest are 2-4 unit or other housing types. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
In Oaktown, about 40% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Oaktown has an owner-occupancy rate of 59% and a vacancy rate of 6%; unoccupied homes typically need a different coverage form.
In Oaktown, 69% of homes are primarily heated with natural gas.
What's the biggest home insurance risk near Oaktown? FEMA's National Risk Index points to earthquake (Relatively Moderate) in Knox County and Knox County had 83 active NFIP flood policies as of September 2026. See the full Knox County home insurance overview for all FEMA hazard ratings and flood coverage details. Earthquake damage is excluded from a standard homeowners policy.
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 | $65,200 |
|---|---|
| Median year built | 1973 |
| Owner-occupied share | 59% |
| Share of owner-occupied homes with a mortgage | 40% |
| Top county hazard | Earthquake (Relatively Moderate) |
| Active NFIP policies in Knox County | 83 |
| 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)