Home Insurance in Iowa Falls, Iowa
Homes in Iowa Falls carry a median value of $123,800 - close to the Hardin County median.
The typical home in Iowa Falls was built around 1961. About 49% of homes were built before 1960, about 7 points below Hardin County's 56%. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.
Housing in Iowa Falls breaks down to 78% single-family homes and 12% apartments in buildings with 5+ units.
About 58% of owner-occupied homes in Iowa Falls have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Iowa Falls has an owner-occupancy rate of 61% and a vacancy rate of 11%; unoccupied homes typically need a different coverage form.
71% of homes in Iowa Falls are primarily heated with natural gas.
What's the biggest home insurance risk near Iowa Falls? FEMA's National Risk Index points to hail (Relatively High) in Hardin County and Hardin County had 29 active NFIP flood policies as of September 2026. See the full Hardin 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 | $123,800 |
|---|---|
| Median year built | 1961 |
| Owner-occupied share | 61% |
| Share of owner-occupied homes with a mortgage | 58% |
| Top county hazard | Hail (Relatively High) |
| Active NFIP policies in Hardin County | 29 |
| 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)