Home Insurance in Monroe, Iowa
The median home value in Monroe is $177,200, close to the Jasper County median.
The typical home in Monroe was built around 1965. About 43% of homes were built before 1960, in line with Jasper County (43%). Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.
In Monroe, the housing stock is 82% single-family homes, 11% apartments in buildings with 5+ units and 1% mobile or manufactured homes.
In Monroe, about 67% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Monroe has an owner-occupancy rate of 78% and a vacancy rate of 1%; unoccupied homes typically need a different coverage form.
Most homes in Monroe - 78% - are primarily heated with natural gas.
FEMA rates Jasper County's overall risk as Relatively Low, led by strong wind (Relatively Moderate). Jasper County had 34 active NFIP flood policies as of September 2026. See the full Jasper 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 | $177,200 |
|---|---|
| Median year built | 1965 |
| Owner-occupied share | 78% |
| Share of owner-occupied homes with a mortgage | 67% |
| Top county hazard | Strong Wind (Relatively Moderate) |
| Active NFIP policies in Jasper County | 34 |
| 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)