Home Insurance in Newman Grove, Nebraska
Homes in Newman Grove carry a median value of $100,000 - 52% lower than the Madison County median.
The median home in Newman Grove was built in 1939 or earlier. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. About 67% of homes were built before 1960, about 35 points above Madison County's 32%.
In Newman Grove, the housing stock is 90% single-family homes and 3% apartments in buildings with 5+ units.
In Newman Grove, about 45% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Newman Grove has an owner-occupancy rate of 75% and a vacancy rate of 14%; unoccupied homes typically need a different coverage form.
Most homes in Newman Grove - 65% - are primarily heated with natural gas.
Madison County's top FEMA-rated hazard is hail (Relatively Moderate), per FEMA's National Risk Index. Madison County had 94 active NFIP flood policies as of September 2026. See the full Madison 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 | $100,000 |
|---|---|
| Median year built | 1939 or earlier |
| Owner-occupied share | 75% |
| Share of owner-occupied homes with a mortgage | 45% |
| Top county hazard | Hail (Relatively Moderate) |
| Active NFIP policies in Madison County | 94 |
| 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)