Home Insurance in Cleveland, Minnesota
The median home value in Cleveland is $212,800, 33% lower than the Le Sueur County median.
The typical home in Cleveland was built around 1972. About 33% of homes were built before 1960, about 3 points below Le Sueur County's 36%. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.
The housing stock in Cleveland is 93% single-family homes, 1% apartments in buildings with 5+ units and 2% mobile or manufactured homes.
In Cleveland, about 67% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Cleveland has an owner-occupancy rate of 93% and a vacancy rate of 9%; unoccupied homes typically need a different coverage form.
Most homes in Cleveland - 98% - are primarily heated with natural gas.
Le Sueur County's top FEMA-rated hazard is strong wind (Relatively Moderate), per FEMA's National Risk Index. Le Sueur County had 67 active NFIP flood policies as of September 2026. See the full Le Sueur 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 | $212,800 |
|---|---|
| Median year built | 1972 |
| Owner-occupied share | 93% |
| Share of owner-occupied homes with a mortgage | 67% |
| Top county hazard | Strong Wind (Relatively Moderate) |
| Active NFIP policies in Le Sueur County | 67 |
| 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)