Home Insurance in Hennepin County, Minnesota
The median home value in Hennepin County is $392,900, 19% higher than the Minnesota median.
The typical home in Hennepin County was built around 1973. About 36% of homes were built before 1960, about 7 points above Minnesota's 29%. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.
Housing in Hennepin County breaks down to 60% single-family homes and 34% apartments in buildings with 5+ units.
About 69% of owner-occupied homes in Hennepin County have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
About 63% of occupied homes in Hennepin County are owner-occupied. The vacancy rate is 6%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
75% of homes in Hennepin County are primarily heated with natural gas.
Per FEMA's National Risk Index, Hennepin County's top hazards are tornado (Very High), hail (Very High) and strong wind (Very High).
As of September 2026, Hennepin County has 959 active NFIP flood insurance policies. Standard homeowners insurance does not cover flood damage, so flood coverage needs a separate NFIP or private flood policy.
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 | $392,900 |
|---|---|
| Median year built | 1973 |
| Owner-occupied share | 63% |
| Share of owner-occupied homes with a mortgage | 69% |
| Top hazards (FEMA National Risk Index) | Tornado (Very High), Hail (Very High), Strong Wind (Very High) |
| Active NFIP flood policies (county) | 959 |
| Home insurance premium | $1,988 - statewide average (NAIC, 2023 data) |
Towns and cities
- Bloomington
- Brooklyn Center
- Brooklyn Park
- Champlin
- Corcoran
- Crystal
- Dayton
- Deephaven
- Eden Prairie
- Edina
- Excelsior
- Golden Valley
- Greenfield
- Greenwood
- Hopkins
- Independence
- Long Lake
- Loretto
- Maple Grove
- Maple Plain
- Medicine Lake
- Medina
- Minneapolis
- Minnetonka
- Minnetrista
- Mound
- New Hope
- Orono
- Osseo
- Plymouth
- Richfield
- Robbinsdale
- Rogers
- Shorewood
- Spring Park
- St. Anthony
- St. Bonifacius
- St. Louis Park
- Tonka Bay
- Village of Minnetonka Beach
- Wayzata
- Woodland
Sources
- 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)