Home Insurance in Greenfield, Minnesota
Homes in Greenfield carry a median value of $567,700 - 44% higher than the Hennepin County median.
The typical home in Greenfield was built around 1994. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. About 11% of homes were built before 1960, about 25 points below Hennepin County's 36%.
Housing in Greenfield breaks down to 99% single-family homes and 1% apartments in buildings with 5+ units.
About 73% of owner-occupied homes in Greenfield have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
About 98% of occupied homes in Greenfield are owner-occupied.
Most homes in Greenfield - 67% - 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.
Hennepin County had 959 active NFIP flood policies as of September 2026. Its top FEMA-rated hazard is tornado (Very High). 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 | $567,700 |
|---|---|
| Median year built | 1994 |
| Owner-occupied share | 98% |
| Share of owner-occupied homes with a mortgage | 73% |
| 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)