Home Insurance in Colon, Michigan
With a median home value of $153,500, Colon is 14% lower than the St. Joseph County median.
The typical home in Colon was built around 1953. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. About 61% of homes were built before 1960, about 19 points above St. Joseph County's 42%.
In Colon, the housing stock is 83% single-family homes, 7% apartments in buildings with 5+ units and 1% mobile or manufactured homes.
63% of owner-occupied homes in Colon carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Colon has an owner-occupancy rate of 71% and a vacancy rate of 17%; unoccupied homes typically need a different coverage form.
Most homes in Colon - 79% - are primarily heated with natural gas.
St. Joseph County had 127 active NFIP flood policies as of September 2026. Its top FEMA-rated hazard is hail (Relatively Moderate). See the full St. Joseph 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 | $153,500 |
|---|---|
| Median year built | 1953 |
| Owner-occupied share | 71% |
| Share of owner-occupied homes with a mortgage | 63% |
| Top county hazard | Hail (Relatively Moderate) |
| Active NFIP policies in St. Joseph County | 127 |
| 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)