Home Insurance in Biscay, Minnesota
Homes in Biscay carry a median value of $188,900 - 23% lower than the McLeod County median.
The typical home in Biscay was built around 1948. About 58% of homes were built before 1960, about 30 points above McLeod County's 28%. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.
In Biscay, the housing stock is 95% single-family homes and 5% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
87% of owner-occupied homes in Biscay carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
The vacancy rate is 5%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 97% of occupied homes in Biscay are owner-occupied.
Homes heated with propane can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies. In Biscay, 96% of homes are primarily heated with propane.
What's the biggest home insurance risk near Biscay? FEMA's National Risk Index points to strong wind (Relatively Moderate) in McLeod County and McLeod County had 38 active NFIP flood policies as of September 2026. See the full McLeod 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 | $188,900 |
|---|---|
| Median year built | 1948 |
| Owner-occupied share | 97% |
| Share of owner-occupied homes with a mortgage | 87% |
| Top county hazard | Strong Wind (Relatively Moderate) |
| Active NFIP policies in McLeod County | 38 |
| 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)