Home Insurance in Riceville, Iowa
Homes in Riceville carry a median value of $112,100 - 24% lower than the Howard County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Riceville was built around 1950. About 55% of homes were built before 1960, about 5 points above Howard County's 49%.
Housing in Riceville breaks down to 95% single-family homes and 3% mobile or manufactured homes.
About 39% of owner-occupied homes in Riceville have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Riceville has an owner-occupancy rate of 68% and a vacancy rate of 7%; unoccupied homes typically need a different coverage form.
Homes heated with propane can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies. 73% of homes in Riceville are primarily heated with propane.
What's the biggest home insurance risk near Riceville? FEMA's National Risk Index points to hail (Relatively Low) in Howard County and Howard County had 21 active NFIP flood policies as of September 2026. See the full Howard 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 | $112,100 |
|---|---|
| Median year built | 1950 |
| Owner-occupied share | 68% |
| Share of owner-occupied homes with a mortgage | 39% |
| Top county hazard | Hail (Relatively Low) |
| Active NFIP policies in Howard County | 21 |
| 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)