Home Insurance in Fairfax, Iowa
Homes in Fairfax carry a median value of $274,500 - 28% higher than the Linn 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 Fairfax was built around 2004. About 15% of homes were built before 1960, about 12 points below Linn County's 27%.
The housing stock in Fairfax is 94% single-family homes and 2% apartments in buildings with 5+ units.
About 64% of owner-occupied homes in Fairfax have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Fairfax has an owner-occupancy rate of 92% and a vacancy rate of 3%; unoccupied homes typically need a different coverage form.
Most homes in Fairfax - 80% - are primarily heated with natural gas.
Linn County had 1,092 active NFIP flood policies as of September 2026. Its top FEMA-rated hazard is strong wind (Very High). See the full Linn County home insurance overview for all FEMA hazard ratings and flood coverage details.
According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in Iowa carries a statewide average premium of $1,342 per year.
Key figures
| Median home value | $274,500 |
|---|---|
| Median year built | 2004 |
| Owner-occupied share | 92% |
| Share of owner-occupied homes with a mortgage | 64% |
| Top county hazard | Strong Wind (Very High) |
| Active NFIP policies in Linn County | 1,092 |
| 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)