Home Insurance in Montezuma, Iowa
With a median home value of $179,400, Montezuma is 14% lower than the Poweshiek County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Montezuma was built around 1971. About 38% of homes were built before 1960, about 2 points below Poweshiek County's 40%.
The housing stock in Montezuma is 68% single-family homes, 6% apartments in buildings with 5+ units and 10% mobile or manufactured homes. The rest are 2-4 unit or other housing types. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
In Montezuma, about 66% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Montezuma has an owner-occupancy rate of 59% and a vacancy rate of 9%; unoccupied homes typically need a different coverage form.
Most homes in Montezuma - 84% - are primarily heated with natural gas.
Poweshiek County's top FEMA-rated hazard is strong wind (Relatively Moderate), per FEMA's National Risk Index. Poweshiek County had 11 active NFIP flood policies as of September 2026. See the full Poweshiek 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 | $179,400 |
|---|---|
| Median year built | 1971 |
| Owner-occupied share | 59% |
| Share of owner-occupied homes with a mortgage | 66% |
| Top county hazard | Strong Wind (Relatively Moderate) |
| Active NFIP policies in Poweshiek County | 11 |
| 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)