Home Insurance in Lake City, Colorado
The median home value in Lake City is $428,600, close to the Hinsdale County median.
The typical home in Lake City was built around 1982. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. About 17% of homes were built before 1960, in line with Hinsdale County (16%).
The housing stock in Lake City is 86% single-family homes, 9% apartments in buildings with 5+ units and 2% mobile or manufactured homes.
66% of owner-occupied homes in Lake City carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Lake City has an owner-occupancy rate of 64% and a vacancy rate of 43%; unoccupied homes typically need a different coverage form.
65% of homes in Lake City are primarily heated with propane. Homes heated with propane and wood can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.
Hinsdale County's top FEMA-rated hazard is wildfire (Very Low), per FEMA's National Risk Index. Hinsdale County had 12 active NFIP flood policies as of September 2026. See the full Hinsdale 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 Colorado carries a statewide average premium of $2,492 per year.
Key figures
| Median home value | $428,600 |
|---|---|
| Median year built | 1982 |
| Owner-occupied share | 64% |
| Share of owner-occupied homes with a mortgage | 66% |
| Top county hazard | Wildfire (Very Low) |
| Active NFIP policies in Hinsdale County | 12 |
| Home insurance premium | $2,492 - 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)