Home Insurance in New Virginia, Iowa
The median home value in New Virginia is $180,600, 33% lower than the Warren County median.
The typical home in New Virginia was built around 1955. About 54% of homes were built before 1960, about 34 points above Warren County's 19%. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.
In New Virginia, the housing stock is 73% single-family homes, 16% apartments in buildings with 5+ units and 5% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
67% of owner-occupied homes in New Virginia carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
New Virginia has an owner-occupancy rate of 70% and a vacancy rate of 8%; unoccupied homes typically need a different coverage form.
Most homes in New Virginia - 69% - are primarily heated with natural gas.
What's the biggest home insurance risk near New Virginia? FEMA's National Risk Index points to tornado (Relatively Moderate) in Warren County and Warren County had 32 active NFIP flood policies as of September 2026. See the full Warren 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 | $180,600 |
|---|---|
| Median year built | 1955 |
| Owner-occupied share | 70% |
| Share of owner-occupied homes with a mortgage | 67% |
| Top county hazard | Tornado (Relatively Moderate) |
| Active NFIP policies in Warren County | 32 |
| 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)