Home Insurance in Spicer, Minnesota
The median home value in Spicer is $294,700, 21% higher than the Kandiyohi County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Spicer was built around 1984. About 23% of homes were built before 1960, about 6 points below Kandiyohi County's 29%.
Housing in Spicer breaks down to 78% single-family homes and 18% apartments in buildings with 5+ units.
In Spicer, about 53% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
About 68% of occupied homes in Spicer are owner-occupied. The vacancy rate is 20%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
In Spicer, 67% of homes are primarily heated with natural gas.
FEMA rates Kandiyohi County's overall risk as Relatively Low, led by strong wind (Relatively High). Kandiyohi County had 19 active NFIP flood policies as of September 2026. See the full Kandiyohi 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 | $294,700 |
|---|---|
| Median year built | 1984 |
| Owner-occupied share | 68% |
| Share of owner-occupied homes with a mortgage | 53% |
| Top county hazard | Strong Wind (Relatively High) |
| Active NFIP policies in Kandiyohi County | 19 |
| 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)