Home Insurance in Granada, Minnesota
Homes in Granada carry a median value of $93,800 - 43% lower than the Martin County median.
The median home in Granada was built in 1939 or earlier. About 71% of homes were built before 1960, about 21 points above Martin County's 50%. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing.
In Granada, the housing stock is 96% single-family homes and 4% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
66% of owner-occupied homes in Granada carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Granada has an owner-occupancy rate of 91% and a vacancy rate of 22%; unoccupied homes typically need a different coverage form.
Most homes in Granada - 79% - are primarily heated with propane. Homes heated with propane and wood can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.
Martin County's top FEMA-rated hazard is winter weather (Relatively High), per FEMA's National Risk Index. Martin County has no active NFIP flood policies on file. See the full Martin 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 | $93,800 |
|---|---|
| Median year built | 1939 or earlier |
| Owner-occupied share | 91% |
| Share of owner-occupied homes with a mortgage | 66% |
| Top county hazard | Winter Weather (Relatively High) |
| 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)