Home Insurance in Montgomery, Minnesota
The median home value in Montgomery is $234,700, 26% lower than the Le Sueur County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Montgomery was built around 1964. About 46% of homes were built before 1960, about 10 points above Le Sueur County's 36%.
The housing stock in Montgomery is 83% single-family homes, 8% apartments in buildings with 5+ units and 1% mobile or manufactured homes.
69% of owner-occupied homes in Montgomery carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
The vacancy rate is 3%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 75% of occupied homes in Montgomery are owner-occupied.
In Montgomery, 83% of homes are primarily heated with natural gas.
Le Sueur County had 67 active NFIP flood policies as of September 2026. Its top FEMA-rated hazard is strong wind (Relatively Moderate). See the full Le Sueur 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 | $234,700 |
|---|---|
| Median year built | 1964 |
| Owner-occupied share | 75% |
| Share of owner-occupied homes with a mortgage | 69% |
| 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)