Home Insurance in Pine Island, Minnesota
With a median home value of $350,500, Pine Island is 23% higher than the Goodhue County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Pine Island was built around 2001. About 19% of homes were built before 1960, about 16 points below Goodhue County's 36%.
Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Pine Island is 81% single-family homes, 12% apartments in buildings with 5+ units and 4% mobile or manufactured homes.
71% of owner-occupied homes in Pine Island carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
About 80% of occupied homes in Pine Island are owner-occupied. The vacancy rate is 5%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
In Pine Island, 83% of homes are primarily heated with natural gas.
Goodhue County's top FEMA-rated hazard is strong wind (Relatively Moderate), per FEMA's National Risk Index. Goodhue County had 124 active NFIP flood policies as of September 2026. See the full Goodhue 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 | $350,500 |
|---|---|
| Median year built | 2001 |
| Owner-occupied share | 80% |
| Share of owner-occupied homes with a mortgage | 71% |
| Top county hazard | Strong Wind (Relatively Moderate) |
| Active NFIP policies in Goodhue County | 124 |
| 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)