Home Insurance in Russellville, Indiana
The median home value in Russellville is $120,800, 45% lower than the Putnam County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The median home in Russellville was built in 1939 or earlier. About 71% of homes were built before 1960, about 43 points above Putnam County's 28%.
Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Russellville is 87% single-family homes, 3% apartments in buildings with 5+ units and 9% mobile or manufactured homes.
56% of owner-occupied homes in Russellville carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Russellville has an owner-occupancy rate of 94% and a vacancy rate of 24%; unoccupied homes typically need a different coverage form.
Homes heated with propane, fuel oil and wood can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies. 48% of homes in Russellville are primarily heated with propane.
FEMA rates Putnam County's overall risk as Relatively Low, led by strong wind (Relatively Moderate). Putnam County had 37 active NFIP flood policies as of September 2026. See the full Putnam 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 | $120,800 |
|---|---|
| Median year built | 1939 or earlier |
| Owner-occupied share | 94% |
| Share of owner-occupied homes with a mortgage | 56% |
| Top county hazard | Strong Wind (Relatively Moderate) |
| Active NFIP policies in Putnam County | 37 |
| 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)