Home Insurance in Lake Shore, Minnesota
The median home value in Lake Shore is $513,200, 78% higher than the Cass County median.
The typical home in Lake Shore was built around 1995. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. About 6% of homes were built before 1960, about 7 points below Cass County's 13%.
Housing in Lake Shore breaks down to 95% single-family homes, 2% apartments in buildings with 5+ units and 2% mobile or manufactured homes.
In Lake Shore, about 52% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
About 94% of occupied homes in Lake Shore are owner-occupied. The vacancy rate is 53%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
Most homes in Lake Shore - 59% - are primarily heated with natural gas. Homes heated with propane can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.
FEMA rates Cass County's overall risk as Relatively Low, led by winter weather (Relatively Moderate). Cass County had 8 active NFIP flood policies as of September 2026. See the full Cass County home insurance overview for all FEMA hazard ratings and flood coverage details.
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 | $513,200 |
|---|---|
| Median year built | 1995 |
| Owner-occupied share | 94% |
| Share of owner-occupied homes with a mortgage | 52% |
| Top county hazard | Winter Weather (Relatively Moderate) |
| Active NFIP policies in Cass County | 8 |
| 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)