Home Insurance in Corcoran, Minnesota
The median home value in Corcoran is $569,400, 45% higher than the Hennepin County median.
Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. The typical home in Corcoran was built around 1991. About 7% of homes were built before 1960, about 29 points below Hennepin County's 36%.
The housing stock in Corcoran is 96% single-family homes, 1% apartments in buildings with 5+ units and 3% mobile or manufactured homes.
In Corcoran, about 71% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Corcoran has an owner-occupancy rate of 95% and a vacancy rate of 3%; unoccupied homes typically need a different coverage form.
In Corcoran, 62% of homes are primarily heated with natural gas. Homes heated with propane can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.
What's the biggest home insurance risk near Corcoran? FEMA's National Risk Index points to tornado (Very High) in Hennepin County and Hennepin County had 959 active NFIP flood policies as of September 2026. See the full Hennepin 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 | $569,400 |
|---|---|
| Median year built | 1991 |
| Owner-occupied share | 95% |
| Share of owner-occupied homes with a mortgage | 71% |
| Top county hazard | Tornado (Very High) |
| Active NFIP policies in Hennepin County | 959 |
| 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)