Home Insurance in Gilbert, Iowa
Homes in Gilbert carry a median value of $274,600 - 6% higher than the Story County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Gilbert was built around 1978. About 17% of homes were built before 1960, about 6 points below Story County's 23%.
The housing stock in Gilbert is 88% single-family homes and 2% apartments in buildings with 5+ units.
76% of owner-occupied homes in Gilbert carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
About 87% of occupied homes in Gilbert are owner-occupied.
In Gilbert, 88% of homes are primarily heated with natural gas.
Story County's top FEMA-rated hazard is tornado (Relatively High), per FEMA's National Risk Index. Story County had 149 active NFIP flood policies as of September 2026. See the full Story 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 | $274,600 |
|---|---|
| Median year built | 1978 |
| Owner-occupied share | 87% |
| Share of owner-occupied homes with a mortgage | 76% |
| Top county hazard | Tornado (Relatively High) |
| Active NFIP policies in Story County | 149 |
| 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)