Home Insurance in Melrose, Iowa
Homes in Melrose carry a median value of $75,000 - 52% lower than the Monroe County median.
The median home in Melrose was built in 1939 or earlier. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. About 51% of homes were built before 1960, about 9 points above Monroe County's 41%.
The housing stock in Melrose is 100% single-family homes.
In Melrose, about 11% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Melrose has an owner-occupancy rate of 96% and a vacancy rate of 14%; unoccupied homes typically need a different coverage form.
In Melrose, 43% of homes are primarily heated with propane. Homes heated with propane and wood can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.
Monroe County has no active NFIP flood policies on file. Its top FEMA-rated hazard is wildfire (Very Low). See the full Monroe County home insurance overview for all FEMA hazard ratings and flood coverage details.
In Iowa, the statewide average premium for a standard HO-3 homeowners policy is $1,342 per year (NAIC, 2023 data).
Key figures
| Median home value | $75,000 |
|---|---|
| Median year built | 1939 or earlier |
| Owner-occupied share | 96% |
| Share of owner-occupied homes with a mortgage | 11% |
| Top county hazard | Wildfire (Very Low) |
| 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)