Home Insurance in Marshall, Minnesota
With a median home value of $210,300, Marshall is close to the Lyon County median.
The typical home in Marshall was built around 1977. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. About 24% of homes were built before 1960, about 10 points below Lyon County's 34%.
The housing stock in Marshall is 63% single-family homes, 23% apartments in buildings with 5+ units and 3% mobile or manufactured homes. The rest are 2-4 unit or other housing types.
In Marshall, about 53% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Marshall has an owner-occupancy rate of 63% and a vacancy rate of 11%; unoccupied homes typically need a different coverage form.
Most homes in Marshall - 57% - are primarily heated with natural gas.
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.
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 | $210,300 |
|---|---|
| Median year built | 1977 |
| Owner-occupied share | 63% |
| Share of owner-occupied homes with a mortgage | 53% |
| 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)