Home Insurance in Storm Lake, Iowa
Homes in Storm Lake carry a median value of $172,200 - 8% higher than the Buena Vista County median.
The typical home in Storm Lake was built around 1968. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. About 39% of homes were built before 1960, about 6 points below Buena Vista County's 45%.
In Storm Lake, the housing stock is 70% single-family homes, 19% apartments in buildings with 5+ units and 2% mobile or manufactured homes.
In Storm Lake, about 59% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
The vacancy rate is 5%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 66% of occupied homes in Storm Lake are owner-occupied.
In Storm Lake, 62% of homes are primarily heated with natural gas.
Buena Vista County's top FEMA-rated hazard is hail (Relatively Moderate), per FEMA's National Risk Index. Buena Vista County had 23 active NFIP flood policies as of September 2026. See the full Buena Vista 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 | $172,200 |
|---|---|
| Median year built | 1968 |
| Owner-occupied share | 66% |
| Share of owner-occupied homes with a mortgage | 59% |
| Top county hazard | Hail (Relatively Moderate) |
| Active NFIP policies in Buena Vista County | 23 |
| 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)