Home Insurance in Clara City, Minnesota
Homes in Clara City carry a median value of $114,300 - 27% lower than the Chippewa County median.
The typical home in Clara City was built around 1954. About 60% of homes were built before 1960, about 6 points above Chippewa County's 54%. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing.
Housing in Clara City breaks down to 88% single-family homes and 11% apartments in buildings with 5+ units.
About 66% of owner-occupied homes in Clara City have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
About 66% of occupied homes in Clara City are owner-occupied. The vacancy rate is 11%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
Homes heated with propane can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies. Most homes in Clara City - 67% - are primarily heated with natural gas.
FEMA rates Chippewa County's overall risk as Very Low, led by winter weather (Relatively Moderate). Chippewa County had 18 active NFIP flood policies as of September 2026. See the full Chippewa 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 | $114,300 |
|---|---|
| Median year built | 1954 |
| Owner-occupied share | 66% |
| Share of owner-occupied homes with a mortgage | 66% |
| Top county hazard | Winter Weather (Relatively Moderate) |
| Active NFIP policies in Chippewa County | 18 |
| 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)