Home Insurance in Mackinac Island, Michigan
The median home value in Mackinac Island is $733,300, 320% higher than the Mackinac County median.
Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. The typical home in Mackinac Island was built around 1969. About 43% of homes were built before 1960, about 11 points above Mackinac County's 31%.
Housing in Mackinac Island breaks down to 46% 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 Mackinac Island, about 38% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
The vacancy rate is 79%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 49% of occupied homes in Mackinac Island are owner-occupied.
In Mackinac Island, 90% of homes are primarily heated with electricity.
Mackinac County's top FEMA-rated hazard is wildfire (Very Low), per FEMA's National Risk Index. Mackinac County had 48 active NFIP flood policies as of September 2026. See the full Mackinac 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 Michigan carries a statewide average premium of $1,110 per year.
Key figures
| Median home value | $733,300 |
|---|---|
| Median year built | 1969 |
| Owner-occupied share | 49% |
| Share of owner-occupied homes with a mortgage | 38% |
| Top county hazard | Wildfire (Very Low) |
| Active NFIP policies in Mackinac County | 48 |
| Home insurance premium | $1,110 - 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)