Home Insurance in Maxwell, Iowa
Homes in Maxwell carry a median value of $184,600 - 29% lower than the Story County median.
The typical home in Maxwell was built around 1955. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. About 52% of homes were built before 1960, about 29 points above Story County's 23%.
In Maxwell, the housing stock is 92% single-family homes and 5% apartments in buildings with 5+ units.
About 71% of owner-occupied homes in Maxwell have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Maxwell has an owner-occupancy rate of 88% and a vacancy rate of 4%; unoccupied homes typically need a different coverage form.
Homes heated with propane can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies. 67% of homes in Maxwell are primarily heated with natural gas.
What's the biggest home insurance risk near Maxwell? FEMA's National Risk Index points to tornado (Relatively High) in Story County and 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 | $184,600 |
|---|---|
| Median year built | 1955 |
| Owner-occupied share | 88% |
| Share of owner-occupied homes with a mortgage | 71% |
| 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)