Home Insurance in Ashby, Minnesota
With a median home value of $154,500, Ashby is 19% lower than the Grant County median.
The typical home in Ashby was built around 1960. About 50% of homes were built before 1960, about 5 points above Grant County's 45%. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild.
In Ashby, the housing stock is 75% single-family homes, 14% apartments in buildings with 5+ units and 2% mobile or manufactured homes.
57% of owner-occupied homes in Ashby carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Ashby has an owner-occupancy rate of 70% and a vacancy rate of 18%; unoccupied homes typically need a different coverage form.
Homes heated with propane and fuel oil can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies. In Ashby, 57% of homes are primarily heated with propane.
Grant County had 1 active NFIP flood policy as of September 2026. Its top FEMA-rated hazard is winter weather (Relatively Low). See the full Grant County home insurance overview for all FEMA hazard ratings and flood coverage details.
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 | $154,500 |
|---|---|
| Median year built | 1960 |
| Owner-occupied share | 70% |
| Share of owner-occupied homes with a mortgage | 57% |
| Top county hazard | Winter Weather (Relatively Low) |
| Active NFIP policies in Grant County | 1 |
| 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)