Home Insurance in Drakesville, Iowa
The median home value in Drakesville is $114,300, 29% lower than the Davis County median.
The typical home in Drakesville was built around 1966. About 45% of homes were built before 1960, about 6 points above Davis County's 39%. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing.
Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Drakesville is 92% single-family homes and 8% mobile or manufactured homes.
In Drakesville, about 46% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Drakesville has an owner-occupancy rate of 93% and a vacancy rate of 6%; unoccupied homes typically need a different coverage form.
Most homes in Drakesville - 68% - are primarily heated with propane. Homes heated with propane and wood can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.
What's the biggest home insurance risk near Drakesville? FEMA's National Risk Index points to tornado (Relatively Moderate) in Davis County and Davis County has no active NFIP flood policies on file. See the full Davis 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 | $114,300 |
|---|---|
| Median year built | 1966 |
| Owner-occupied share | 93% |
| Share of owner-occupied homes with a mortgage | 46% |
| Top county hazard | Tornado (Relatively Moderate) |
| 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)