Home Insurance in Elkader, Iowa
With a median home value of $143,200, Elkader is 15% lower than the Clayton County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Elkader was built around 1953. About 61% of homes were built before 1960, about 11 points above Clayton County's 50%.
In Elkader, the housing stock is 76% single-family homes, 6% apartments in buildings with 5+ units and 2% mobile or manufactured homes. The rest are 2-4 unit or other housing types.
About 48% of owner-occupied homes in Elkader have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Elkader has an owner-occupancy rate of 75% and a vacancy rate of 15%; unoccupied homes typically need a different coverage form.
78% of homes in Elkader are primarily heated with natural gas.
Clayton County's top FEMA-rated hazard is hail (Relatively Moderate), per FEMA's National Risk Index. Clayton County had 105 active NFIP flood policies as of September 2026. See the full Clayton 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 | $143,200 |
|---|---|
| Median year built | 1953 |
| Owner-occupied share | 75% |
| Share of owner-occupied homes with a mortgage | 48% |
| Top county hazard | Hail (Relatively Moderate) |
| Active NFIP policies in Clayton County | 105 |
| 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)