Home Insurance in Grand Marais, Minnesota
The median home value in Grand Marais is $310,500, 8% lower than the Cook County median.
The typical home in Grand Marais was built around 1971. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. About 42% of homes were built before 1960, about 21 points above Cook County's 21%.
In Grand Marais, the housing stock is 81% single-family homes and 10% apartments in buildings with 5+ units.
59% of owner-occupied homes in Grand Marais carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Grand Marais has an owner-occupancy rate of 60% and a vacancy rate of 12%; unoccupied homes typically need a different coverage form.
Most homes in Grand Marais - 62% - are primarily heated with propane. Homes heated with propane and fuel oil can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.
FEMA rates Cook County's overall risk as Very Low, led by wildfire (Relatively Low). Cook County had 14 active NFIP flood policies as of September 2026. See the full Cook 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 | $310,500 |
|---|---|
| Median year built | 1971 |
| Owner-occupied share | 60% |
| Share of owner-occupied homes with a mortgage | 59% |
| Top county hazard | Wildfire (Relatively Low) |
| Active NFIP policies in Cook County | 14 |
| 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)