Home Insurance in Blue Earth, Minnesota
With a median home value of $143,600, Blue Earth is 6% higher than the Faribault County median.
The typical home in Blue Earth was built around 1954. About 61% of homes were built before 1960, in line with Faribault County (62%). Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing.
Housing in Blue Earth breaks down to 81% single-family homes and 17% apartments in buildings with 5+ units.
About 50% of owner-occupied homes in Blue Earth have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
About 70% of occupied homes in Blue Earth are owner-occupied. The vacancy rate is 12%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
In Blue Earth, 77% of homes are primarily heated with natural gas.
Faribault County's top FEMA-rated hazard is winter weather (Relatively Moderate), per FEMA's National Risk Index. Faribault County had 7 active NFIP flood policies as of September 2026. See the full Faribault 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 | $143,600 |
|---|---|
| Median year built | 1954 |
| Owner-occupied share | 70% |
| Share of owner-occupied homes with a mortgage | 50% |
| Top county hazard | Winter Weather (Relatively Moderate) |
| Active NFIP policies in Faribault County | 7 |
| 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)