Home Insurance in Decorah, Iowa
With a median home value of $244,500, Decorah is 6% lower than the Winneshiek County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Decorah was built around 1964. About 46% of homes were built before 1960, about 3 points below Winneshiek County's 49%.
In Decorah, the housing stock is 72% single-family homes and 13% apartments in buildings with 5+ units. The rest are 2-4 unit or other housing types.
In Decorah, about 48% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Decorah has an owner-occupancy rate of 62% and a vacancy rate of 12%; unoccupied homes typically need a different coverage form.
In Decorah, 74% of homes are primarily heated with natural gas.
Winneshiek County's top FEMA-rated hazard is hail (Relatively Moderate), per FEMA's National Risk Index. Winneshiek County had 75 active NFIP flood policies as of September 2026. See the full Winneshiek 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 | $244,500 |
|---|---|
| Median year built | 1964 |
| Owner-occupied share | 62% |
| Share of owner-occupied homes with a mortgage | 48% |
| Top county hazard | Hail (Relatively Moderate) |
| Active NFIP policies in Winneshiek County | 75 |
| 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)