Home Insurance in New Madison, Ohio
With a median home value of $109,900, New Madison is 37% lower than the Darke County median.
The typical home in New Madison was built around 1950. About 67% of homes were built before 1960, about 20 points above Darke County's 47%. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild.
Housing in New Madison breaks down to 93% single-family homes and 2% apartments in buildings with 5+ units.
In New Madison, about 54% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
New Madison has an owner-occupancy rate of 75% and a vacancy rate of 1%; unoccupied homes typically need a different coverage form.
78% of homes in New Madison are primarily heated with natural gas.
Darke County's top FEMA-rated hazard is tornado (Relatively Moderate), per FEMA's National Risk Index. Darke County had 82 active NFIP flood policies as of September 2026. See the full Darke 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 Ohio carries a statewide average premium of $1,116 per year.
Key figures
| Median home value | $109,900 |
|---|---|
| Median year built | 1950 |
| Owner-occupied share | 75% |
| Share of owner-occupied homes with a mortgage | 54% |
| Top county hazard | Tornado (Relatively Moderate) |
| Active NFIP policies in Darke County | 82 |
| Home insurance premium | $1,116 - 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)