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50542 Home Insurance Quotes, Rates & Coverage

Are you looking for the right homeowners insurance policy at an affordable price for your home in 50542? There are over 388 occupied homes in the 50542 area. With a population size of 899, it's not uncommon for residence of Goldfield, IA to want to find cheaper home insurance rates online. The average premium for a standard HO-3 home insurance policy for homeowners living in Iowa is around $760 per year. At GetHomeInsuranceQuotes.com, we help you easily compare up to 12 home insurance rates from the top rated insurance companies. We also help you save money by applying all the home insurance credits and discounts available helping you save up to 40% or more on your next homeowners policy. Enter your 50542 zip code today to compare multiple rates and coverage options for your existing policy or a new home purchase.

For additional information about average home insurance rates, premiums or home insurance types, please review your city information: Goldfield, IA Home Insurance Rate Quotes

50542 Home Insurance Average Premiums

Local 50542 homeowners insurance quotes comparison

$510 /yr.

Shows Zip Code: 50542 lowest rates with discounts applied on average.

For the 50542, homeowners insurance rates may vary on deductible, coverage amount and property details. Below is a list of the averages based on the cost of an annual home insurance premium.

Coverage Amount:Annual Premium
1800 sq. ft. or below
(discounts applied)		$510 /yr.
Average Coverage:$760 /yr.
2600 sq. ft. or higher
(all discounts applied)		$1060 /yr.

What is the average home insurance cost for a home in 50542?

  • • The average homeowners insurance premium paid annually for a home in 50542 is around $760 per year.

What does it cost on average per month for home insurance in 50542?

  • • Homeowners in 50542 pay a monthly average cost per month around $63.00.

What kind of discount could I get if I combine my home and auto insurance together in 50542?

  • • Autoowners in 50542 can receive a 20% to 25% discount if they own a home and would like to group or bundle their car and home insurance together with one insurance company.

For shopping home insurance rates within the Goldfield area, check out other zip codes nearby 50542.
Review average rates in another zip code:
50542 homeowners insurance rates

Home Replacement Cost Coverage in 50542

Average Building Cost Per Square Foot in 50542: $130

Location: Goldfield, Iowa (Wright County)

Average Square Footage in 50542: 633 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 50542 before you start any project. Goldfield homeowners pay on average around $130 per square foot to build a home. Another great reason to know the average cost to build is for your homeowners insurance policy. A standard homeowners policy will help you cover the replacement cost of your home due a fire or any other named perils on your policy. Calculating your dwelling coverage for your home in 50542 is extremely helpful when estimating how much replacement cost coverage you need. We highly recommend that you have enough dwelling coverage to rebuild your home if it was destroyed by a covered peril.

Here is how you determine your replacement cost. If we take an average home in 50542 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 633 sq. ft. and the average cost to rebuild the home in this area is around $130 per square foot would be considered a base estimate cost. These two numbers would allow us to generate the replacement cost needed for an average size home in the Goldfield area. If the home is new or has been upgraded, you will want to add $50 to $100 or more per square foot to equally cover the replacement cost to restore a home back to it's original condition.

Home Improvement StatusPrice per Sq. Ft.Square FeetDwelling Coverage
Basic Home Features$130633$82,300
Additional Upgrades & Added Features$163633$102,875
Major Home Updates or Advancements$195633$123,450

It's important to understand that when you estimate your replacement cost of your home in the 50542 zip code area, it will be the cost to replace the structure of your home, not the additional value of the property that is factored in when purchasing a new home.

Best Homeowners Insurance Agencies in 50542

Best Home & Auto Insurance Agencies in 50542

Housing Demographics for 50542

Population Review for 50542 Zip Code

For the city of Goldfield, the population within 50542 has increased to over 549 residents in population size. The current population total is 899. We have broken down the population based on race below. In 50542, there are over 452 in male population and 447 females.

PopulationValues
Total Population899
White Population821
Black Population2
Hispanic Population61
Asian Population3
Hawaiian Population1
Indian Population2
Other Population32
Male Population452
Female Population447
Population Estimate549

Household Data for 50542

The average number of homes in 50542 is around 388, there are an average of 2.32 per household. The average house value according to local real estate values is around $82,300. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode388
Persons Per Household2.32
Average House Value$82,300
Income Per Household$63056
Median Age43.1
Median Age Male45.4
Median Age Female42.2
50542 DetailsValues
StateIA
State Full NameIowa
City TypeP
City Alias Abbreviation
Area Code515
CityGoldfield
City Alias NameGOLDFIELD
CountyWright
County FIPS197
State FIPS19
Time Zone6
Day Light SavingY
MSA
PMSA
CSA
CBSA
CBSA_DIV
CBSA_Type
CBSA_Name
MSA_Name
PMSA_Name
RegionMidwest
DivisionWest North Central
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses30
Number Of Employees196
Business First Quarter Payroll2001
Business Annual Payroll9081
Business Employment Flag
Growth Rank0
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number0
Growth Increase Percentage0.0
Metropolitan DetailsValues
CBSA Population0
CBSA Division Population0
Congressional District04
Congressional LandArea22756.75
Delivery Residential237
Delivery Business5
Delivery Total437
Preferred Last Line KeyW10603
Classification Code
Multi-CountyY
CSA Name
CBSA_DIV_Name
City State KeyW10603
Land Area66.063000
Water Area0.011000
City Alias Code
City Mixed CaseGoldfield
City Alias Mixed CaseGoldfield
Box Count166
SFDU220
MFDU17
State ANSI19
County ANSI197
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorN
Carrier Route Rate SortationD
Finance Number183528
Unique ZIP Name
SSA State County Code16980
Medicare CBSA Code99916
Medicare CBSA NameRural Areas in IA
Medicare CBSA TypeMicro
Market Rating Area ID7
County Mixed CaseWright

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