Home Insurance in Waconia, Minnesota
Homes in Waconia carry a median value of $431,000 - close to the Carver County median.
The typical home in Waconia was built around 2001. About 10% of homes were built before 1960, about 1 point below Carver County's 11%. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing.
In Waconia, the housing stock is 84% single-family homes and 13% apartments in buildings with 5+ units.
78% of owner-occupied homes in Waconia carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Waconia has an owner-occupancy rate of 80% and a vacancy rate of 3%; unoccupied homes typically need a different coverage form.
Most homes in Waconia - 80% - are primarily heated with natural gas.
Carver County had 107 active NFIP flood policies as of September 2026. Its top FEMA-rated hazard is strong wind (Relatively High). See the full Carver 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 | $431,000 |
|---|---|
| Median year built | 2001 |
| Owner-occupied share | 80% |
| Share of owner-occupied homes with a mortgage | 78% |
| Top county hazard | Strong Wind (Relatively High) |
| Active NFIP policies in Carver County | 107 |
| 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)