Home Insurance in Northrop, Minnesota
With a median home value of $136,300, Northrop is 17% lower than the Martin County median.
The typical home in Northrop was built around 1958. About 54% of homes were built before 1960, about 4 points above Martin County's 50%. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.
In Northrop, the housing stock is 94% single-family homes and 2% apartments in buildings with 5+ units.
61% of owner-occupied homes in Northrop carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
About 84% of occupied homes in Northrop are owner-occupied. The vacancy rate is 7%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
Most homes in Northrop - 76% - are primarily heated with natural gas.
Martin County has no active NFIP flood policies on file. Its top FEMA-rated hazard is winter weather (Relatively High). See the full Martin County home insurance overview for all FEMA hazard ratings and flood coverage details.
In Minnesota, the statewide average premium for a standard HO-3 homeowners policy is $1,988 per year (NAIC, 2023 data).
Key figures
| Median home value | $136,300 |
|---|---|
| Median year built | 1958 |
| Owner-occupied share | 84% |
| Share of owner-occupied homes with a mortgage | 61% |
| 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)