Home Insurance in Wales, Wisconsin
Homes in Wales carry a median value of $399,400 - close to the Waukesha County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Wales was built around 1977. About 15% of homes were built before 1960, about 4 points below Waukesha County's 20%.
In Wales, the housing stock is 89% single-family homes and 10% apartments in buildings with 5+ units.
About 73% of owner-occupied homes in Wales have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
About 85% of occupied homes in Wales are owner-occupied. The vacancy rate is 5%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
Most homes in Wales - 85% - are primarily heated with natural gas.
What's the biggest home insurance risk near Wales? FEMA's National Risk Index points to hail (Relatively High) in Waukesha County and Waukesha County had 659 active NFIP flood policies as of September 2026. See the full Waukesha 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 | $399,400 |
|---|---|
| Median year built | 1977 |
| Owner-occupied share | 85% |
| Share of owner-occupied homes with a mortgage | 73% |
| Top county hazard | Hail (Relatively High) |
| Active NFIP policies in Waukesha County | 659 |
| 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)