Home Insurance in Bancroft, Iowa
The median home value in Bancroft is $120,700, 19% lower than the Kossuth County median.
The typical home in Bancroft was built around 1962. About 48% of homes were built before 1960, in line with Kossuth County (48%). Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing.
In Bancroft, the housing stock is 82% single-family homes and 8% apartments in buildings with 5+ units. The rest are 2-4 unit or other housing types.
About 47% of owner-occupied homes in Bancroft have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Bancroft has an owner-occupancy rate of 76% and a vacancy rate of 12%; 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. In Bancroft, 71% of homes are primarily heated with natural gas.
What's the biggest home insurance risk near Bancroft? FEMA's National Risk Index points to winter weather (Relatively Moderate) in Kossuth County and Kossuth County had 6 active NFIP flood policies as of September 2026. See the full Kossuth 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 | $120,700 |
|---|---|
| Median year built | 1962 |
| Owner-occupied share | 76% |
| Share of owner-occupied homes with a mortgage | 47% |
| Top county hazard | Winter Weather (Relatively Moderate) |
| Active NFIP policies in Kossuth County | 6 |
| 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)