Home Insurance in Leonard, Minnesota
Homes in Leonard carry a median value of $125,000 - 35% 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 Leonard was built around 1940. About 69% of homes were built before 1960, about 44 points above Clearwater County's 25%.
In Leonard, the housing stock is 100% single-family homes.
In Leonard, about 38% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Leonard has an owner-occupancy rate of 100% and a vacancy rate of 50%; unoccupied homes typically need a different coverage form.
50% of homes in Leonard are primarily heated with fuel oil. Homes heated with propane, fuel oil and wood can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.
Clearwater County has no active NFIP flood policies on file. Its top FEMA-rated hazard is wildfire (Relatively Low). See the full Clearwater 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 | $125,000 |
|---|---|
| Median year built | 1940 |
| Owner-occupied share | 100% |
| Share of owner-occupied homes with a mortgage | 38% |
| 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)