Home Insurance in Eldon, Iowa
With a median home value of $60,600, Eldon is 52% lower than the Wapello County median.
The median home in Eldon was built in 1939 or earlier. About 65% of homes were built before 1960, about 13 points above Wapello County's 52%. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing.
Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Eldon is 78% single-family homes, 1% apartments in buildings with 5+ units and 8% mobile or manufactured homes. The rest are 2-4 unit or other housing types.
In Eldon, about 45% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Eldon has an owner-occupancy rate of 81% and a vacancy rate of 16%; unoccupied homes typically need a different coverage form.
47% of homes in Eldon 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.
Wapello County's top FEMA-rated hazard is tornado (Relatively Moderate), per FEMA's National Risk Index. Wapello County had 34 active NFIP flood policies as of September 2026. See the full Wapello 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 | $60,600 |
|---|---|
| Median year built | 1939 or earlier |
| Owner-occupied share | 81% |
| Share of owner-occupied homes with a mortgage | 45% |
| Top county hazard | Tornado (Relatively Moderate) |
| Active NFIP policies in Wapello County | 34 |
| 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)