Home Insurance in Mountain Lake, Minnesota
Homes in Mountain Lake carry a median value of $143,100 - 15% lower than the Cottonwood County median.
Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. The typical home in Mountain Lake was built around 1964. About 46% of homes were built before 1960, in line with Cottonwood County (46%).
Housing in Mountain Lake breaks down to 82% single-family homes and 12% apartments in buildings with 5+ units.
About 59% of owner-occupied homes in Mountain Lake have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
The vacancy rate is 3%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 72% of occupied homes in Mountain Lake are owner-occupied.
In Mountain Lake, 82% of homes are primarily heated with natural gas.
What's the biggest home insurance risk near Mountain Lake? FEMA's National Risk Index points to winter weather (Relatively Moderate) in Cottonwood County and Cottonwood County had 35 active NFIP flood policies as of September 2026. See the full Cottonwood 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 | $143,100 |
|---|---|
| Median year built | 1964 |
| Owner-occupied share | 72% |
| Share of owner-occupied homes with a mortgage | 59% |
| Top county hazard | Winter Weather (Relatively Moderate) |
| Active NFIP policies in Cottonwood County | 35 |
| 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)