Home Insurance in Albion, Iowa
Homes in Albion carry a median value of $135,200 - 7% lower than the Marshall County median.
The typical home in Albion was built around 1948. About 72% of homes were built before 1960, about 18 points above Marshall County's 53%. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild.
The housing stock in Albion is 88% single-family homes, 11% apartments in buildings with 5+ units and 1% mobile or manufactured homes.
38% of owner-occupied homes in Albion carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Albion has an owner-occupancy rate of 90% and a vacancy rate of 16%; unoccupied homes typically need a different coverage form.
75% of homes in Albion are primarily heated with natural gas. Homes heated with propane can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.
Marshall County had 28 active NFIP flood policies as of September 2026. Its top FEMA-rated hazard is strong wind (Relatively High). See the full Marshall 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 | $135,200 |
|---|---|
| Median year built | 1948 |
| Owner-occupied share | 90% |
| Share of owner-occupied homes with a mortgage | 38% |
| Top county hazard | Strong Wind (Relatively High) |
| Active NFIP policies in Marshall County | 28 |
| 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)