Home Insurance in Mason City, Iowa
With a median home value of $142,000, Mason City is 15% lower than the Cerro Gordo County median.
The typical home in Mason City was built around 1956. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. About 58% of homes were built before 1960, about 6 points above Cerro Gordo County's 52%.
Housing in Mason City breaks down to 79% single-family homes, 14% apartments in buildings with 5+ units and 2% mobile or manufactured homes.
In Mason City, about 60% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Mason City has an owner-occupancy rate of 66% and a vacancy rate of 11%; unoccupied homes typically need a different coverage form.
Most homes in Mason City - 79% - are primarily heated with natural gas.
Cerro Gordo County's top FEMA-rated hazard is tornado (Relatively Moderate), per FEMA's National Risk Index. Cerro Gordo County had 93 active NFIP flood policies as of September 2026. See the full Cerro Gordo 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 | $142,000 |
|---|---|
| Median year built | 1956 |
| Owner-occupied share | 66% |
| Share of owner-occupied homes with a mortgage | 60% |
| Top county hazard | Tornado (Relatively Moderate) |
| Active NFIP policies in Cerro Gordo County | 93 |
| 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)