Home Insurance in Greenfield, Iowa
The median home value in Greenfield is $137,700, 14% lower than the Adair County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Greenfield was built around 1948. About 59% of homes were built before 1960, about 7 points above Adair County's 52%.
The housing stock in Greenfield is 83% single-family homes and 6% apartments in buildings with 5+ units. The rest are 2-4 unit or other housing types.
About 37% of owner-occupied homes in Greenfield have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
The vacancy rate is 2%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 66% of occupied homes in Greenfield are owner-occupied.
75% of homes in Greenfield are primarily heated with natural gas.
What's the biggest home insurance risk near Greenfield? FEMA's National Risk Index points to hail (Relatively Moderate) in Adair County and Adair County has no active NFIP flood policies on file. See the full Adair 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 Iowa is $1,342 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $137,700 |
|---|---|
| Median year built | 1948 |
| Owner-occupied share | 66% |
| Share of owner-occupied homes with a mortgage | 37% |
| Top county hazard | Hail (Relatively Moderate) |
| Home insurance premium | $1,342 - 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)