Home Insurance in Elkhorn, Wisconsin
Homes in Elkhorn carry a median value of $273,600 - 10% lower than the Walworth County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Elkhorn was built around 1990. About 26% of homes were built before 1960, about 5 points below Walworth County's 30%.
The housing stock in Elkhorn is 58% single-family homes, 27% apartments in buildings with 5+ units and 2% mobile or manufactured homes. The rest are 2-4 unit or other housing types.
In Elkhorn, about 74% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Elkhorn has an owner-occupancy rate of 55% and a vacancy rate of 1%; unoccupied homes typically need a different coverage form.
Most homes in Elkhorn - 79% - are primarily heated with natural gas.
What's the biggest home insurance risk near Elkhorn? FEMA's National Risk Index points to hail (Relatively High) in Walworth County and Walworth County had 128 active NFIP flood policies as of September 2026. See the full Walworth County home insurance overview for all FEMA hazard ratings and flood coverage details.
In Wisconsin, the statewide average premium for a standard HO-3 homeowners policy is $923 per year (NAIC, 2023 data).
Key figures
| Median home value | $273,600 |
|---|---|
| Median year built | 1990 |
| Owner-occupied share | 55% |
| Share of owner-occupied homes with a mortgage | 74% |
| Top county hazard | Hail (Relatively High) |
| Active NFIP policies in Walworth County | 128 |
| Home insurance premium | $923 - 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)