Home Insurance in Grasston, Minnesota
The median home value in Grasston is $162,500, 29% lower than the Kanabec County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Grasston was built around 1963. About 49% of homes were built before 1960, about 24 points above Kanabec County's 25%.
The housing stock in Grasston is 82% single-family homes and 18% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
About 66% of owner-occupied homes in Grasston have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
All occupied homes in Grasston are owner-occupied. The vacancy rate is 2%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
Most homes in Grasston - 82% - 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.
FEMA rates Kanabec County's overall risk as Very Low, led by wildfire (Very Low). Kanabec County had 9 active NFIP flood policies as of September 2026. See the full Kanabec 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 | $162,500 |
|---|---|
| Median year built | 1963 |
| Owner-occupied share | 100% |
| Share of owner-occupied homes with a mortgage | 66% |
| Top county hazard | Wildfire (Very Low) |
| Active NFIP policies in Kanabec County | 9 |
| 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)