Home Insurance in Lakeville, Indiana
The median home value in Lakeville is $136,500, 29% lower than the St. Joseph County median.
The typical home in Lakeville was built around 1983. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. About 39% of homes were built before 1960, about 3 points below St. Joseph County's 42%.
The housing stock in Lakeville is 49% single-family homes and 35% apartments in buildings with 5+ units. The rest are 2-4 unit or other housing types.
About 77% of owner-occupied homes in Lakeville 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 43% of occupied homes in Lakeville are owner-occupied.
In Lakeville, 61% of homes are primarily heated with natural gas.
FEMA rates St. Joseph County's overall risk as Relatively Moderate, led by hail (Relatively High). St. Joseph County had 260 active NFIP flood policies as of September 2026. See the full St. Joseph 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 | $136,500 |
|---|---|
| Median year built | 1983 |
| Owner-occupied share | 43% |
| Share of owner-occupied homes with a mortgage | 77% |
| Top county hazard | Hail (Relatively High) |
| Active NFIP policies in St. Joseph County | 260 |
| 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)