Home Insurance in Madison, Kansas
Homes in Madison carry a median value of $51,600 - 42% lower than the Greenwood County median.
The typical home in Madison was built around 1946. About 65% of homes were built before 1960, about 11 points above Greenwood County's 54%. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing.
Housing in Madison breaks down to 94% single-family homes, 3% apartments in buildings with 5+ units and 1% mobile or manufactured homes.
About 39% of owner-occupied homes in Madison have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Madison has an owner-occupancy rate of 75% and a vacancy rate of 23%; unoccupied homes typically need a different coverage form.
In Madison, 76% of homes are primarily heated with natural gas. Homes heated with wood can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.
Greenwood County's top FEMA-rated hazard is wildfire (Relatively Moderate), per FEMA's National Risk Index. Greenwood County had 3 active NFIP flood policies as of September 2026. See the full Greenwood County home insurance overview for all FEMA hazard ratings and flood coverage details.
In Kansas, the statewide average premium for a standard HO-3 homeowners policy is $1,733 per year (NAIC, 2023 data).
Key figures
| Median home value | $51,600 |
|---|---|
| Median year built | 1946 |
| Owner-occupied share | 75% |
| Share of owner-occupied homes with a mortgage | 39% |
| Top county hazard | Wildfire (Relatively Moderate) |
| Active NFIP policies in Greenwood County | 3 |
| Home insurance premium | $1,733 - 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)