Home Insurance in Vermillion, Minnesota
Homes in Vermillion carry a median value of $319,300 - 16% lower than the Dakota County median.
Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. The typical home in Vermillion was built around 1973. About 25% of homes were built before 1960, about 13 points above Dakota County's 11%.
The housing stock in Vermillion is 95% single-family homes and 2% apartments in buildings with 5+ units.
About 59% of owner-occupied homes in Vermillion have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
About 91% of occupied homes in Vermillion are owner-occupied.
96% of homes in Vermillion are primarily heated with natural gas.
What's the biggest home insurance risk near Vermillion? FEMA's National Risk Index points to strong wind (Very High) in Dakota County and Dakota County had 189 active NFIP flood policies as of September 2026. See the full Dakota 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 | $319,300 |
|---|---|
| Median year built | 1973 |
| Owner-occupied share | 91% |
| Share of owner-occupied homes with a mortgage | 59% |
| Top county hazard | Strong Wind (Very High) |
| Active NFIP policies in Dakota County | 189 |
| 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)