Home Insurance in Falls City, Nebraska
The median home value in Falls City is $89,800, 10% lower than the Richardson County median.
The typical home in Falls City was built around 1953. About 61% of homes were built before 1960, in line with Richardson County (62%). Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing.
In Falls City, the housing stock is 91% single-family homes and 5% apartments in buildings with 5+ units.
In Falls City, about 43% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
The vacancy rate is 9%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 73% of occupied homes in Falls City are owner-occupied.
Most homes in Falls City - 67% - are primarily heated with natural gas.
Richardson County's top FEMA-rated hazard is wildfire (Relatively Low), per FEMA's National Risk Index. Richardson County had 17 active NFIP flood policies as of September 2026. See the full Richardson 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 | $89,800 |
|---|---|
| Median year built | 1953 |
| Owner-occupied share | 73% |
| Share of owner-occupied homes with a mortgage | 43% |
| Top county hazard | Wildfire (Relatively Low) |
| Active NFIP policies in Richardson County | 17 |
| 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)