Home Insurance in Lanesboro, Minnesota
Homes in Lanesboro carry a median value of $213,200 - close to the Fillmore County median.
Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. The typical home in Lanesboro was built around 1945. About 65% of homes were built before 1960, about 18 points above Fillmore County's 46%.
In Lanesboro, the housing stock is 74% single-family homes and 20% apartments in buildings with 5+ units.
About 54% of owner-occupied homes in Lanesboro have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Lanesboro has an owner-occupancy rate of 69% and a vacancy rate of 24%; unoccupied homes typically need a different coverage form.
Most homes in Lanesboro - 82% - are primarily heated with natural gas.
Fillmore County's top FEMA-rated hazard is inland flooding (Relatively Low), per FEMA's National Risk Index. Fillmore County had 101 active NFIP flood policies as of September 2026. See the full Fillmore County home insurance overview for all FEMA hazard ratings and flood coverage details. Flood damage is excluded from a standard homeowners policy.
The statewide average premium for a standard HO-3 homeowners policy in Minnesota is $1,988 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $213,200 |
|---|---|
| Median year built | 1945 |
| Owner-occupied share | 69% |
| Share of owner-occupied homes with a mortgage | 54% |
| Top county hazard | Inland Flooding (Relatively Low) |
| Active NFIP policies in Fillmore County | 101 |
| 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)