Home Insurance in Montrose, Iowa
Homes in Montrose carry a median value of $103,500 - 27% lower than the Lee County median.
Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. The typical home in Montrose was built around 1964. About 44% of homes were built before 1960, about 6 points below Lee County's 50%.
Housing in Montrose breaks down to 95% single-family homes, 2% apartments in buildings with 5+ units and 1% mobile or manufactured homes.
55% of owner-occupied homes in Montrose carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
About 91% of occupied homes in Montrose are owner-occupied. The vacancy rate is 8%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
In Montrose, 50% of homes are primarily heated with natural gas.
FEMA rates Lee County's overall risk as Relatively Low, led by hail (Relatively Moderate). Lee County had 63 active NFIP flood policies as of September 2026. See the full Lee 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 | $103,500 |
|---|---|
| Median year built | 1964 |
| Owner-occupied share | 91% |
| Share of owner-occupied homes with a mortgage | 55% |
| Top county hazard | Hail (Relatively Moderate) |
| Active NFIP policies in Lee County | 63 |
| 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)