Home Insurance in Plymouth, Minnesota
With a median home value of $491,200, Plymouth is 25% higher than the Hennepin County median.
The typical home in Plymouth was built around 1988. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. About 6% of homes were built before 1960, about 30 points below Hennepin County's 36%.
The housing stock in Plymouth is 74% single-family homes and 24% apartments in buildings with 5+ units.
About 68% of owner-occupied homes in Plymouth have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Plymouth has an owner-occupancy rate of 75% and a vacancy rate of 4%; unoccupied homes typically need a different coverage form.
In Plymouth, 82% of homes are primarily heated with natural gas.
Hennepin County's top FEMA-rated hazard is tornado (Very High), per FEMA's National Risk Index. 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.
The statewide average premium for a standard HO-3 homeowners policy in Minnesota is $1,988 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $491,200 |
|---|---|
| Median year built | 1988 |
| Owner-occupied share | 75% |
| Share of owner-occupied homes with a mortgage | 68% |
| 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)