Home Insurance in Gilman, Minnesota
Homes in Gilman carry a median value of $233,600 - 14% lower than the Benton County median.
The typical home in Gilman was built around 1946. About 73% of homes were built before 1960, about 55 points above Benton County's 18%. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.
In Gilman, the housing stock is 96% single-family homes and 2% apartments in buildings with 5+ units.
56% of owner-occupied homes in Gilman carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
The vacancy rate is 59%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 85% of occupied homes in Gilman are owner-occupied.
In Gilman, 81% of homes are primarily heated with natural gas.
Benton County's top FEMA-rated hazard is hail (Relatively Moderate), per FEMA's National Risk Index. Benton County had 80 active NFIP flood policies as of September 2026. See the full Benton County home insurance overview for all FEMA hazard ratings and flood coverage details.
In Minnesota, the statewide average premium for a standard HO-3 homeowners policy is $1,988 per year (NAIC, 2023 data).
Key figures
| Median home value | $233,600 |
|---|---|
| Median year built | 1946 |
| Owner-occupied share | 85% |
| Share of owner-occupied homes with a mortgage | 56% |
| Top county hazard | Hail (Relatively Moderate) |
| Active NFIP policies in Benton County | 80 |
| 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)