Home Insurance in Geneva, Minnesota
Homes in Geneva carry a median value of $182,500 - 7% higher than the Freeborn County median.
The typical home in Geneva was built around 1975. About 22% of homes were built before 1960, about 29 points below Freeborn County's 52%. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild.
Housing in Geneva breaks down to 91% single-family homes, 3% apartments in buildings with 5+ units and 2% mobile or manufactured homes.
About 64% of owner-occupied homes in Geneva have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Geneva has an owner-occupancy rate of 79% and a vacancy rate of 15%; unoccupied homes typically need a different coverage form.
Most homes in Geneva - 87% - are primarily heated with natural gas.
What's the biggest home insurance risk near Geneva? FEMA's National Risk Index points to strong wind (Relatively Moderate) in Freeborn County and Freeborn County had 18 active NFIP flood policies as of September 2026. See the full Freeborn 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 | $182,500 |
|---|---|
| Median year built | 1975 |
| Owner-occupied share | 79% |
| Share of owner-occupied homes with a mortgage | 64% |
| Top county hazard | Strong Wind (Relatively Moderate) |
| Active NFIP policies in Freeborn County | 18 |
| 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)