Home Insurance in Frankenmuth, Michigan
Homes in Frankenmuth carry a median value of $300,500 - 97% higher than the Saginaw 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 Frankenmuth was built around 1977. About 23% of homes were built before 1960, about 14 points below Saginaw County's 38%.
Housing in Frankenmuth breaks down to 72% single-family homes and 24% apartments in buildings with 5+ units.
In Frankenmuth, about 43% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
About 71% of occupied homes in Frankenmuth are owner-occupied. The vacancy rate is 11%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
In Frankenmuth, 72% of homes are primarily heated with natural gas.
FEMA rates Saginaw County's overall risk as Relatively Moderate, led by winter weather (Very High). Saginaw County had 1,098 active NFIP flood policies as of September 2026. See the full Saginaw County home insurance overview for all FEMA hazard ratings and flood coverage details.
In Michigan, the statewide average premium for a standard HO-3 homeowners policy is $1,110 per year (NAIC, 2023 data).
Key figures
| Median home value | $300,500 |
|---|---|
| Median year built | 1977 |
| Owner-occupied share | 71% |
| Share of owner-occupied homes with a mortgage | 43% |
| Top county hazard | Winter Weather (Very High) |
| Active NFIP policies in Saginaw County | 1,098 |
| 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)