HomeInsuranceQts

Home Insurance in Independence, Iowa

With a median home value of $165,300, Independence is 6% lower than the Buchanan County median.

The typical home in Independence was built around 1971. About 38% of homes were built before 1960, about 2 points above Buchanan County's 36%. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild.

In Independence, the housing stock is 75% single-family homes, 7% apartments in buildings with 5+ units and 1% mobile or manufactured homes. The rest are 2-4 unit or other housing types.

In Independence, about 56% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.

Independence has an owner-occupancy rate of 72% and a vacancy rate of 5%; unoccupied homes typically need a different coverage form.

74% of homes in Independence are primarily heated with natural gas.

Buchanan County's top FEMA-rated hazard is hail (Relatively Moderate), per FEMA's National Risk Index. Buchanan County had 77 active NFIP flood policies as of September 2026. See the full Buchanan County home insurance overview for all FEMA hazard ratings and flood coverage details.

In Iowa, the statewide average premium for a standard HO-3 homeowners policy is $1,342 per year (NAIC, 2023 data).

Key figures

Median home value$165,300
Median year built1971
Owner-occupied share72%
Share of owner-occupied homes with a mortgage56%
Top county hazardHail (Relatively Moderate)
Active NFIP policies in Buchanan County77
Home insurance premium$1,342 - statewide average (NAIC, 2023 data)
Key home insurance figures for Independence, IA

Nearby towns

Sources

Data last updated: 2026-09-29