Home Insurance in Bagley, Minnesota
The median home value in Bagley is $138,600, 28% lower than the Clearwater County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Bagley was built around 1969. About 40% of homes were built before 1960, about 15 points above Clearwater County's 25%.
The housing stock in Bagley is 67% single-family homes, 28% apartments in buildings with 5+ units and 1% mobile or manufactured homes.
In Bagley, about 57% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Bagley has an owner-occupancy rate of 55% and a vacancy rate of 9%; unoccupied homes typically need a different coverage form.
Homes heated with fuel oil can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies. 60% of homes in Bagley are primarily heated with natural gas.
Clearwater County's top FEMA-rated hazard is wildfire (Relatively Low), per FEMA's National Risk Index. Clearwater County has no active NFIP flood policies on file. See the full Clearwater 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 | $138,600 |
|---|---|
| Median year built | 1969 |
| Owner-occupied share | 55% |
| Share of owner-occupied homes with a mortgage | 57% |
| Top county hazard | Wildfire (Relatively Low) |
| 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)