Home Insurance in Bayard, Nebraska
Homes in Bayard carry a median value of $109,800 - 5% lower than the Morrill County median.
Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. The typical home in Bayard was built around 1950. About 62% of homes were built before 1960, about 8 points above Morrill County's 53%.
Housing in Bayard breaks down to 92% single-family homes, 3% apartments in buildings with 5+ units and 2% mobile or manufactured homes.
42% of owner-occupied homes in Bayard carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
The vacancy rate is 11%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 86% of occupied homes in Bayard are owner-occupied.
Most homes in Bayard - 81% - are primarily heated with natural gas.
Morrill County's top FEMA-rated hazard is hail (Relatively Moderate), per FEMA's National Risk Index. Morrill County had 6 active NFIP flood policies as of September 2026. See the full Morrill 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 | $109,800 |
|---|---|
| Median year built | 1950 |
| Owner-occupied share | 86% |
| Share of owner-occupied homes with a mortgage | 42% |
| Top county hazard | Hail (Relatively Moderate) |
| Active NFIP policies in Morrill County | 6 |
| 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)