Home Insurance in Onaway, Michigan
Homes in Onaway carry a median value of $69,800 - 54% lower than the Presque Isle County median.
The typical home in Onaway was built around 1953. About 53% of homes were built before 1960, about 20 points above Presque Isle County's 33%. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild.
In Onaway, the housing stock is 77% single-family homes, 12% apartments in buildings with 5+ units and 8% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
30% of owner-occupied homes in Onaway carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Onaway has an owner-occupancy rate of 66% and a vacancy rate of 16%; unoccupied homes typically need a different coverage form.
In Onaway, 75% of homes are primarily heated with natural gas.
What's the biggest home insurance risk near Onaway? FEMA's National Risk Index points to hail (Relatively Low) in Presque Isle County and Presque Isle County has no active NFIP flood policies on file. See the full Presque Isle 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 | $69,800 |
|---|---|
| Median year built | 1953 |
| Owner-occupied share | 66% |
| Share of owner-occupied homes with a mortgage | 30% |
| Top county hazard | Hail (Relatively Low) |
| 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)