Home Insurance in Lowell, Indiana
The median home value in Lowell is $248,000, 8% higher than the Lake County median.
Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. The typical home in Lowell was built around 1990. About 17% of homes were built before 1960, about 22 points below Lake County's 39%.
The housing stock in Lowell is 89% single-family homes and 6% apartments in buildings with 5+ units.
About 71% of owner-occupied homes in Lowell have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Lowell has an owner-occupancy rate of 84% and a vacancy rate of 3%; unoccupied homes typically need a different coverage form.
86% of homes in Lowell are primarily heated with natural gas.
FEMA rates Lake County's overall risk as Relatively High, led by tornado (Very High). Lake County had 1,005 active NFIP flood policies as of September 2026. See the full Lake 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 | $248,000 |
|---|---|
| Median year built | 1990 |
| Owner-occupied share | 84% |
| Share of owner-occupied homes with a mortgage | 71% |
| Top county hazard | Tornado (Very High) |
| Active NFIP policies in Lake County | 1,005 |
| 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)