Home Insurance in Orono, Minnesota
Homes in Orono carry a median value of $1,004,500 - 156% higher than the Hennepin County median.
The typical home in Orono was built around 1982. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. About 29% of homes were built before 1960, about 7 points below Hennepin County's 36%.
In Orono, the housing stock is 93% single-family homes and 7% apartments in buildings with 5+ units.
In Orono, about 70% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Orono has an owner-occupancy rate of 91% and a vacancy rate of 11%; unoccupied homes typically need a different coverage form.
86% of homes in Orono are primarily heated with natural gas.
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 | $1,004,500 |
|---|---|
| Median year built | 1982 |
| Owner-occupied share | 91% |
| Share of owner-occupied homes with a mortgage | 70% |
| 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)