Home Insurance in Fairview Park, Indiana
The median home value in Fairview Park is $104,800, 7% lower than the Vermillion County median.
The typical home in Fairview Park was built around 1974. About 38% of homes were built before 1960, about 11 points below Vermillion County's 49%. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild.
In Fairview Park, the housing stock is 74% single-family homes, 7% apartments in buildings with 5+ units and 8% mobile or manufactured homes. The rest are 2-4 unit or other housing types. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
In Fairview Park, about 67% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Fairview Park has an owner-occupancy rate of 70% and a vacancy rate of 4%; unoccupied homes typically need a different coverage form.
Most homes in Fairview Park - 51% - are primarily heated with electricity.
Vermillion County's top FEMA-rated hazard is earthquake (Relatively Low), per FEMA's National Risk Index. Vermillion County had 50 active NFIP flood policies as of September 2026. See the full Vermillion County home insurance overview for all FEMA hazard ratings and flood coverage details. Earthquake damage is excluded from a standard homeowners policy.
According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in Indiana carries a statewide average premium of $1,259 per year.
Key figures
| Median home value | $104,800 |
|---|---|
| Median year built | 1974 |
| Owner-occupied share | 70% |
| Share of owner-occupied homes with a mortgage | 67% |
| Top county hazard | Earthquake (Relatively Low) |
| Active NFIP policies in Vermillion County | 50 |
| 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)