Home Insurance in New Ross, Indiana
The median home value in New Ross is $145,000, 16% lower than the Montgomery County median.
The typical home in New Ross was built around 1950. About 81% of homes were built before 1960, about 39 points above Montgomery County's 43%. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.
In New Ross, the housing stock is 97% single-family homes and 3% apartments in buildings with 5+ units.
51% of owner-occupied homes in New Ross carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
About 92% of occupied homes in New Ross are owner-occupied. The vacancy rate is 5%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
Homes heated with propane can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies. 76% of homes in New Ross are primarily heated with propane.
What's the biggest home insurance risk near New Ross? FEMA's National Risk Index points to strong wind (Relatively Moderate) in Montgomery County and Montgomery County had 38 active NFIP flood policies as of September 2026. See the full Montgomery 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 | $145,000 |
|---|---|
| Median year built | 1950 |
| Owner-occupied share | 92% |
| Share of owner-occupied homes with a mortgage | 51% |
| Top county hazard | Strong Wind (Relatively Moderate) |
| Active NFIP policies in Montgomery County | 38 |
| 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)