Home Insurance in Merrill, Michigan
With a median home value of $93,200, Merrill is 39% lower than the Saginaw County median.
Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. The typical home in Merrill was built around 1952. About 70% of homes were built before 1960, about 32 points above Saginaw County's 38%.
In Merrill, the housing stock is 93% single-family homes, 3% apartments in buildings with 5+ units and 1% mobile or manufactured homes.
63% of owner-occupied homes in Merrill carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
The vacancy rate is 10%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 79% of occupied homes in Merrill are owner-occupied.
In Merrill, 85% of homes are primarily heated with natural gas.
Saginaw County had 1,098 active NFIP flood policies as of September 2026. Its top FEMA-rated hazard is winter weather (Very High). 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 | $93,200 |
|---|---|
| Median year built | 1952 |
| Owner-occupied share | 79% |
| Share of owner-occupied homes with a mortgage | 63% |
| 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)