Anderson, IN
Landlord insurance in Anderson, Indiana
What Anderson landlords should know before insuring a rental. A quote is not a binder.
Anderson is home to roughly 55,851 people in Madison County, and about 45% of its 24,218 occupied homes are rented rather than owner-occupied, above the Indiana rate of 29%. That mix shapes who is buying landlord coverage here and what underwriters expect to see.
Anderson rental housing by the numbers
| Measure | Anderson | Indiana |
|---|---|---|
| Renter-occupied homes | 45% (10,787) | 29% |
| Median owner-occupied home value | $119,000 | $218,200 |
| Median gross rent | $925/mo | $1,062/mo |
| Median year structure built | 1961 | 1976 |
| Homes in 2–4 unit buildings | 10% | 6% |
| Single-family homes (detached or attached) | 75% | 77% |
Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (tables B25003, B25077, B25064, B25035, B25024), retrieved via Census Reporter; population from U.S. Census Bureau, Vintage 2024 population estimates.
What home values in Anderson mean for your dwelling limit
Anderson's median home value, roughly $119,000, gives a rough sense of what rentals here are worth; the state median is $218,200. For insurance, ask for a replacement-cost estimate on your specific building.
If your rental is insured somewhere around Anderson's median, the closest NAIC benchmark is the Under $150,000 band, where the 2023 Indiana dwelling-fire average was $614. The all-amounts state figure was $753.
Fair rental value coverage for Anderson units
Rents in Anderson center on about $925 monthly, including utilities where tenants pay them. Many owners plan for a year offline after a serious loss, which works out near $11,100 per unit at the median.
Construction era of Anderson rentals
A median build year of 1961 puts much of Anderson's rental stock in the 1960s–70s range. Some homes from that period used aluminum branch wiring or now-obsolete panels, so disclose upgrades clearly.
Anderson's mix of rental buildings
Anderson is mostly single-family, around 75% of units, with 2–4 unit buildings at 10%. Single-family rentals here typically go on a dwelling fire policy.
Anderson next to other Indiana rental cities
Indianapolis has a renter share of 44% with homes valued around $224,800 at the median. Fort Wayne has a renter share of 38% with homes valued around $188,900 at the median. Evansville has a renter share of 45% with homes valued around $143,100 at the median. Among the 25 largest Indiana cities we profile, Anderson ranks 10 for renter share. Roughly 11% of homes in Anderson are in buildings of five or more units, the point where most owners move to commercial apartment policies.
Storm and hazard considerations in Anderson
Typical Indiana property risks such as frozen pipes in cold winters and basement water and sewer backup, usually excluded unless added affect owners in Anderson and the rest of Madison County. Flood and earthquake are excluded from standard dwelling forms and need their own coverage.
Hazard themes reflect FEMA’s National Risk Index and NOAA’s Storm Events Database; check the index for your specific county.
Requesting coverage for a Anderson rental
- Who holds the loan, for the mortgagee clause
- How much liability and lost rent you want covered
- The Anderson address and how many units it has
- Year built and roof age
- How it is occupied today, including any vacancy or short-term use
- Electrical, plumbing, and heating update years
- Prior carrier, expiration date, and five-year loss history
Request a Anderson landlord quote
Anderson landlord insurance questions
What share of Anderson homes are rentals?
About 45% of occupied homes in Anderson, roughly 10,787 households, are renter-occupied according to the 2020–2024 American Community Survey.
Do Anderson landlords have to carry insurance?
No Indiana law mandates it for Anderson owners, though lenders, HOAs, and property managers commonly require it.
What is a typical landlord premium in Anderson?
It depends on the building, coverage, and deductible. For background, the NAIC reported a 2023 Indiana dwelling-fire average of $753; see our Indiana page for the full table.
Other Indiana cities
Landlord insurance in Indiana · Cost by state
Last updated October 15, 2026. Sources and method: how we research.