Home Insurance in Powers, Michigan
The median home value in Powers is $99,400, 35% lower than the Menominee County median.
The typical home in Powers was built around 1959. About 52% of homes were built before 1960, about 11 points above Menominee County's 41%. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild.
Housing in Powers breaks down to 62% single-family homes, 33% apartments in buildings with 5+ units and 2% mobile or manufactured homes.
In Powers, about 51% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Powers has an owner-occupancy rate of 60% and a vacancy rate of 4%; unoccupied homes typically need a different coverage form.
Most homes in Powers - 76% - are primarily heated with natural gas. Homes heated with propane can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.
FEMA rates Menominee County's overall risk as Relatively Low, led by hail (Relatively Low). Menominee County had 64 active NFIP flood policies as of September 2026. See the full Menominee 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 | $99,400 |
|---|---|
| Median year built | 1959 |
| Owner-occupied share | 60% |
| Share of owner-occupied homes with a mortgage | 51% |
| Top county hazard | Hail (Relatively Low) |
| Active NFIP policies in Menominee County | 64 |
| 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)