Home Insurance in Northwood, Iowa
With a median home value of $130,300, Northwood is 11% lower than the Worth County median.
The typical home in Northwood was built around 1951. About 62% of homes were built before 1960, about 1 point above Worth County's 61%. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing.
The housing stock in Northwood is 87% single-family homes, 7% apartments in buildings with 5+ units and 1% mobile or manufactured homes.
About 67% of owner-occupied homes in Northwood have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Northwood has an owner-occupancy rate of 83% and a vacancy rate of 3%; unoccupied homes typically need a different coverage form.
In Northwood, 80% of homes are primarily heated with natural gas.
FEMA rates Worth County's overall risk as Very Low, led by winter weather (Relatively Low). Worth County had 5 active NFIP flood policies as of September 2026. See the full Worth County home insurance overview for all FEMA hazard ratings and flood coverage details.
According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in Iowa carries a statewide average premium of $1,342 per year.
Key figures
| Median home value | $130,300 |
|---|---|
| Median year built | 1951 |
| Owner-occupied share | 83% |
| Share of owner-occupied homes with a mortgage | 67% |
| Top county hazard | Winter Weather (Relatively Low) |
| Active NFIP policies in Worth County | 5 |
| 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)