Home Insurance in McGregor, Minnesota
The median home value in McGregor is $114,300, 55% lower than the Aitkin County median.
Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. The typical home in McGregor was built around 1972. About 34% of homes were built before 1960, about 12 points above Aitkin County's 22%.
In McGregor, the housing stock is 64% single-family homes, 27% 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.
41% of owner-occupied homes in McGregor carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
McGregor has an owner-occupancy rate of 49% and a vacancy rate of 8%; unoccupied homes typically need a different coverage form.
Homes heated with propane and fuel oil can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies. Most homes in McGregor - 54% - are primarily heated with propane.
What's the biggest home insurance risk near McGregor? FEMA's National Risk Index points to inland flooding (Relatively Low) in Aitkin County and Aitkin County had 104 active NFIP flood policies as of September 2026. See the full Aitkin County home insurance overview for all FEMA hazard ratings and flood coverage details. Flood damage is excluded from a standard homeowners policy.
According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in Minnesota carries a statewide average premium of $1,988 per year.
Key figures
| Median home value | $114,300 |
|---|---|
| Median year built | 1972 |
| Owner-occupied share | 49% |
| Share of owner-occupied homes with a mortgage | 41% |
| Top county hazard | Inland Flooding (Relatively Low) |
| Active NFIP policies in Aitkin County | 104 |
| Home insurance premium | $1,988 - 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)