Home Insurance in Palo, Iowa
Homes in Palo carry a median value of $282,400 - 32% higher than the Linn County median.
The typical home in Palo was built around 2006. About 12% of homes were built before 1960, about 15 points below Linn County's 27%. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing.
In Palo, the housing stock is 98% single-family homes.
About 92% of owner-occupied homes in Palo have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
About 97% of occupied homes in Palo are owner-occupied. The vacancy rate is 2%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
Most homes in Palo - 78% - 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.
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 | $282,400 |
|---|---|
| Median year built | 2006 |
| Owner-occupied share | 97% |
| Share of owner-occupied homes with a mortgage | 92% |
| 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)