Home Insurance in Montgomery County, Iowa
The median home value in Montgomery County is $121,400, 42% lower than the Iowa median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Montgomery County was built around 1959. About 51% of homes were built before 1960, about 13 points above Iowa's 38%.
Housing in Montgomery County breaks down to 83% single-family homes, 5% apartments in buildings with 5+ units and 3% mobile or manufactured homes.
51% of owner-occupied homes in Montgomery County carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Montgomery County has an owner-occupancy rate of 69% and a vacancy rate of 8%; unoccupied homes typically need a different coverage form.
Most homes in Montgomery County - 51% - 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.
The top hazards for Montgomery County, per FEMA's National Risk Index, are hail (Relatively Low), tornado (Relatively Low) and strong wind (Relatively Low).
As of September 2026, Montgomery County has 95 active NFIP flood insurance policies. Standard homeowners insurance does not cover flood damage, so flood coverage needs a separate NFIP or private flood policy.
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 | $121,400 |
|---|---|
| Median year built | 1959 |
| Owner-occupied share | 69% |
| Share of owner-occupied homes with a mortgage | 51% |
| Top hazards (FEMA National Risk Index) | Hail (Relatively Low), Tornado (Relatively Low), Strong Wind (Relatively Low) |
| Active NFIP flood policies (county) | 95 |
| Home insurance premium | $1,342 - statewide average (NAIC, 2023 data) |
Towns and cities
Sources
- 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)