Home Insurance in Shafer, Minnesota
Homes in Shafer carry a median value of $242,800 - 31% lower than the Chisago County median.
The typical home in Shafer was built around 2002. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. About 16% of homes were built before 1960, in line with Chisago County (15%).
The housing stock in Shafer is 67% single-family homes, 6% apartments in buildings with 5+ units and 27% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
74% of owner-occupied homes in Shafer carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Shafer has an owner-occupancy rate of 84% and a vacancy rate of 4%; unoccupied homes typically need a different coverage form.
Most homes in Shafer - 79% - are primarily heated with natural gas.
FEMA rates Chisago County's overall risk as Relatively Low, led by strong wind (Relatively Moderate). Chisago County had 37 active NFIP flood policies as of September 2026. See the full Chisago County home insurance overview for all FEMA hazard ratings and flood coverage details.
The statewide average premium for a standard HO-3 homeowners policy in Minnesota is $1,988 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $242,800 |
|---|---|
| Median year built | 2002 |
| Owner-occupied share | 84% |
| Share of owner-occupied homes with a mortgage | 74% |
| Top county hazard | Strong Wind (Relatively Moderate) |
| Active NFIP policies in Chisago County | 37 |
| 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)