Home Insurance in Cherokee, Iowa
The median home value in Cherokee is $136,700, 14% lower than the Cherokee County median.
Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. The typical home in Cherokee was built around 1963. About 45% of homes were built before 1960, about 7 points below Cherokee County's 52%.
Housing in Cherokee breaks down to 78% single-family homes, 14% apartments in buildings with 5+ units and 2% mobile or manufactured homes.
In Cherokee, about 60% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Cherokee has an owner-occupancy rate of 68% and a vacancy rate of 4%; unoccupied homes typically need a different coverage form.
Most homes in Cherokee - 72% - are primarily heated with natural gas.
What's the biggest home insurance risk near Cherokee? FEMA's National Risk Index points to hail (Relatively Moderate) in Cherokee County and Cherokee County had 28 active NFIP flood policies as of September 2026. See the full Cherokee County home insurance overview for all FEMA hazard ratings and flood coverage details.
According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in Iowa carries a statewide average premium of $1,342 per year.
Key figures
| Median home value | $136,700 |
|---|---|
| Median year built | 1963 |
| Owner-occupied share | 68% |
| Share of owner-occupied homes with a mortgage | 60% |
| Top county hazard | Hail (Relatively Moderate) |
| Active NFIP policies in Cherokee County | 28 |
| 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)