Home Insurance in Delavan, Minnesota
The median home value in Delavan is $57,700, 57% lower than the Faribault County median.
The typical home in Delavan was built around 1951. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. About 82% of homes were built before 1960, about 20 points above Faribault County's 62%.
In Delavan, the housing stock is 100% single-family homes.
In Delavan, about 41% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
About 89% of occupied homes in Delavan are owner-occupied. The vacancy rate is 4%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
In Delavan, 89% of homes 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.
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.
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 | $57,700 |
|---|---|
| Median year built | 1951 |
| Owner-occupied share | 89% |
| Share of owner-occupied homes with a mortgage | 41% |
| 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)