Home Insurance in Ghent, Minnesota
With a median home value of $150,000, Ghent is 25% lower than the Lyon County median.
The typical home in Ghent was built around 1976. About 37% of homes were built before 1960, about 3 points above Lyon County's 34%. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.
Housing in Ghent breaks down to 87% single-family homes, 13% apartments in buildings with 5+ units and 1% mobile or manufactured homes.
About 75% of owner-occupied homes in Ghent have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
The vacancy rate is 7%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 84% of occupied homes in Ghent are owner-occupied.
Homes heated with propane can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies. Most homes in Ghent - 70% - are primarily heated with propane.
Lyon County's top FEMA-rated hazard is winter weather (Relatively High), per FEMA's National Risk Index. Lyon County had 30 active NFIP flood policies as of September 2026. See the full Lyon 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 | $150,000 |
|---|---|
| Median year built | 1976 |
| Owner-occupied share | 84% |
| Share of owner-occupied homes with a mortgage | 75% |
| Top county hazard | Winter Weather (Relatively High) |
| Active NFIP policies in Lyon County | 30 |
| 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)