Home Insurance in Wapello, Iowa
Homes in Wapello carry a median value of $143,900 - close to the Louisa County median.
The typical home in Wapello was built around 1963. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. About 49% of homes were built before 1960, about 5 points above Louisa County's 44%.
In Wapello, the housing stock is 87% single-family homes. The rest are 2-4 unit or other housing types.
50% of owner-occupied homes in Wapello carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
The vacancy rate is 4%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 68% of occupied homes in Wapello are owner-occupied.
62% of homes in Wapello are primarily heated with natural gas.
FEMA rates Louisa County's overall risk as Very Low, led by strong wind (Relatively Moderate). Louisa County had 125 active NFIP flood policies as of September 2026. See the full Louisa 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 | $143,900 |
|---|---|
| Median year built | 1963 |
| Owner-occupied share | 68% |
| Share of owner-occupied homes with a mortgage | 50% |
| Top county hazard | Strong Wind (Relatively Moderate) |
| Active NFIP policies in Louisa County | 125 |
| 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)