Home Insurance in Parnell, Iowa
The median home value in Parnell is $181,300, 6% lower than the Iowa County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Parnell was built around 1969. About 39% of homes were built before 1960, about 4 points below Iowa County's 43%.
The housing stock in Parnell is 76% single-family homes, 14% apartments in buildings with 5+ units and 10% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
About 72% of owner-occupied homes in Parnell have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Parnell has an owner-occupancy rate of 71% and a vacancy rate of 4%; unoccupied homes typically need a different coverage form.
In Parnell, 82% of homes are primarily heated with natural gas.
What's the biggest home insurance risk near Parnell? FEMA's National Risk Index points to strong wind (Relatively Moderate) in Iowa County and Iowa County had 112 active NFIP flood policies as of September 2026. See the full Iowa 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 | $181,300 |
|---|---|
| Median year built | 1969 |
| Owner-occupied share | 71% |
| Share of owner-occupied homes with a mortgage | 72% |
| Top county hazard | Strong Wind (Relatively Moderate) |
| Active NFIP policies in Iowa County | 112 |
| 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)