Home Insurance in Iowa City, Iowa
With a median home value of $285,900, Iowa City is 7% lower than the Johnson County median.
Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. The typical home in Iowa City was built around 1985. About 21% of homes were built before 1960, about 4 points above Johnson County's 17%.
Housing in Iowa City breaks down to 49% single-family homes, 42% apartments in buildings with 5+ units and 2% mobile or manufactured homes.
59% of owner-occupied homes in Iowa City carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
The vacancy rate is 9%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 47% of occupied homes in Iowa City are owner-occupied.
64% of homes in Iowa City are primarily heated with natural gas.
Johnson County had 598 active NFIP flood policies as of September 2026. Its top FEMA-rated hazard is strong wind (Very High). See the full Johnson 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 | $285,900 |
|---|---|
| Median year built | 1985 |
| Owner-occupied share | 47% |
| Share of owner-occupied homes with a mortgage | 59% |
| Top county hazard | Strong Wind (Very High) |
| Active NFIP policies in Johnson County | 598 |
| 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)