Home Insurance in Excelsior, Minnesota
With a median home value of $909,200, Excelsior is 131% higher than the Hennepin County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Excelsior was built around 1970. About 36% of homes were built before 1960, in line with Hennepin County (36%).
In Excelsior, the housing stock is 48% single-family homes and 44% apartments in buildings with 5+ units.
77% of owner-occupied homes in Excelsior carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Excelsior has an owner-occupancy rate of 48% and a vacancy rate of 17%; unoccupied homes typically need a different coverage form.
70% of homes in Excelsior are primarily heated with natural gas.
FEMA rates Hennepin County's overall risk as Relatively High, led by tornado (Very High). 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.
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 | $909,200 |
|---|---|
| Median year built | 1970 |
| Owner-occupied share | 48% |
| Share of owner-occupied homes with a mortgage | 77% |
| 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)