Home Insurance in Funk, Nebraska
The median home value in Funk is $172,100, 12% lower than the Phelps County median.
The typical home in Funk was built around 1976. About 41% of homes were built before 1960, in line with Phelps County (41%). Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing.
In Funk, the housing stock is 95% single-family homes and 5% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
In Funk, about 61% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
The vacancy rate is 3%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 98% of occupied homes in Funk are owner-occupied.
65% of homes in Funk are primarily heated with natural gas.
FEMA rates Phelps County's overall risk as Very Low, led by hail (Relatively High). Phelps County had 5 active NFIP flood policies as of September 2026. See the full Phelps 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 | $172,100 |
|---|---|
| Median year built | 1976 |
| Owner-occupied share | 98% |
| Share of owner-occupied homes with a mortgage | 61% |
| Top county hazard | Hail (Relatively High) |
| Active NFIP policies in Phelps County | 5 |
| 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)