Home Insurance in Bayard, Iowa
Homes in Bayard carry a median value of $65,800 - 63% lower than the Guthrie County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The median home in Bayard was built in 1939 or earlier. About 65% of homes were built before 1960, about 20 points above Guthrie County's 45%.
Housing in Bayard breaks down to 87% single-family homes, 8% apartments in buildings with 5+ units and 2% mobile or manufactured homes.
41% of owner-occupied homes in Bayard carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
The vacancy rate is 20%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 74% of occupied homes in Bayard are owner-occupied.
Homes heated with propane can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies. In Bayard, 61% of homes are primarily heated with natural gas.
Guthrie County had 18 active NFIP flood policies as of September 2026. Its top FEMA-rated hazard is tornado (Relatively Low). See the full Guthrie 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 | $65,800 |
|---|---|
| Median year built | 1939 or earlier |
| Owner-occupied share | 74% |
| Share of owner-occupied homes with a mortgage | 41% |
| Top county hazard | Tornado (Relatively Low) |
| Active NFIP policies in Guthrie County | 18 |
| 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)