Home Insurance in Cedar Rapids, Nebraska
With a median home value of $79,600, Cedar Rapids is 54% lower than the Boone County median.
The typical home in Cedar Rapids was built around 1962. About 48% of homes were built before 1960, about 4 points below Boone County's 52%. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.
In Cedar Rapids, the housing stock is 89% single-family homes, 3% apartments in buildings with 5+ units and 4% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
34% of owner-occupied homes in Cedar Rapids carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
The vacancy rate is 17%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 86% of occupied homes in Cedar Rapids are owner-occupied.
74% of homes in Cedar Rapids are primarily heated with electricity.
Boone County had 18 active NFIP flood policies as of September 2026. Its top FEMA-rated hazard is hail (Relatively High). See the full Boone 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 Nebraska carries a statewide average premium of $2,142 per year.
Key figures
| Median home value | $79,600 |
|---|---|
| Median year built | 1962 |
| Owner-occupied share | 86% |
| Share of owner-occupied homes with a mortgage | 34% |
| Top county hazard | Hail (Relatively High) |
| Active NFIP policies in Boone County | 18 |
| Home insurance premium | $2,142 - 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)