Home Insurance in Silver City, Iowa
Homes in Silver City carry a median value of $156,800 - 34% lower than the Mills County median.
The median home in Silver City was built in 1939 or earlier. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. About 88% of homes were built before 1960, about 50 points above Mills County's 37%.
Housing in Silver City breaks down to 98% single-family homes and 1% mobile or manufactured homes.
65% of owner-occupied homes in Silver City carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Silver City has an owner-occupancy rate of 83% and a vacancy rate of 13%; unoccupied homes typically need a different coverage form.
79% of homes in Silver City are primarily heated with natural gas.
FEMA rates Mills County's overall risk as Very Low, led by hail (Relatively Low). Mills County had 71 active NFIP flood policies as of September 2026. See the full Mills 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 | $156,800 |
|---|---|
| Median year built | 1939 or earlier |
| Owner-occupied share | 83% |
| Share of owner-occupied homes with a mortgage | 65% |
| Top county hazard | Hail (Relatively Low) |
| Active NFIP policies in Mills County | 71 |
| 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)