Home Insurance in Farnam, Nebraska
The median home value in Farnam is $62,800, 62% lower than the Dawson County median.
The typical home in Farnam was built around 1954. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. About 58% of homes were built before 1960, about 20 points above Dawson County's 38%.
In Farnam, the housing stock is 92% single-family homes and 1% mobile or manufactured homes.
About 19% of owner-occupied homes in Farnam have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Farnam has an owner-occupancy rate of 67% and a vacancy rate of 1%; unoccupied homes typically need a different coverage form.
Most homes in Farnam - 71% - are primarily heated with natural gas. Homes heated with propane and wood can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.
Dawson County's top FEMA-rated hazard is hail (Relatively High), per FEMA's National Risk Index. Dawson County had 138 active NFIP flood policies as of September 2026. See the full Dawson County home insurance overview for all FEMA hazard ratings and flood coverage details.
In Nebraska, the statewide average premium for a standard HO-3 homeowners policy is $2,142 per year (NAIC, 2023 data).
Key figures
| Median home value | $62,800 |
|---|---|
| Median year built | 1954 |
| Owner-occupied share | 67% |
| Share of owner-occupied homes with a mortgage | 19% |
| Top county hazard | Hail (Relatively High) |
| Active NFIP policies in Dawson County | 138 |
| 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)