Home Insurance in Pease, Minnesota
Homes in Pease carry a median value of $178,900 - 31% lower than the Mille Lacs County median.
The typical home in Pease was built around 1943. About 73% of homes were built before 1960, about 48 points above Mille Lacs County's 25%. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.
Housing in Pease breaks down to 96% single-family homes and 1% mobile or manufactured homes.
In Pease, about 73% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Pease has an owner-occupancy rate of 74% and a vacancy rate of 6%; unoccupied homes typically need a different coverage form.
81% of homes in Pease are primarily heated with natural gas.
What's the biggest home insurance risk near Pease? FEMA's National Risk Index points to wildfire (Relatively Low) in Mille Lacs County and Mille Lacs County had 58 active NFIP flood policies as of September 2026. See the full Mille Lacs 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 | $178,900 |
|---|---|
| Median year built | 1943 |
| Owner-occupied share | 74% |
| Share of owner-occupied homes with a mortgage | 73% |
| Top county hazard | Wildfire (Relatively Low) |
| Active NFIP policies in Mille Lacs County | 58 |
| 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)