Home Insurance in Oolitic, Indiana
Homes in Oolitic carry a median value of $138,200 - 21% lower than the Lawrence County median.
The typical home in Oolitic was built around 1964. About 44% of homes were built before 1960, about 9 points above Lawrence County's 35%. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing.
In Oolitic, the housing stock is 77% single-family homes, 16% apartments in buildings with 5+ units and 3% mobile or manufactured homes.
About 54% of owner-occupied homes in Oolitic have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
The vacancy rate is 17%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 68% of occupied homes in Oolitic are owner-occupied.
66% of homes in Oolitic are primarily heated with natural gas.
Lawrence County had 33 active NFIP flood policies as of September 2026. Its top FEMA-rated hazard is strong wind (Relatively Moderate). See the full Lawrence County home insurance overview for all FEMA hazard ratings and flood coverage details.
The statewide average premium for a standard HO-3 homeowners policy in Indiana is $1,259 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $138,200 |
|---|---|
| Median year built | 1964 |
| Owner-occupied share | 68% |
| Share of owner-occupied homes with a mortgage | 54% |
| Top county hazard | Strong Wind (Relatively Moderate) |
| Active NFIP policies in Lawrence County | 33 |
| 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)