Home Insurance in Racine, Minnesota
The median home value in Racine is $260,000, 40% higher than the Mower County median.
The typical home in Racine was built around 1980. About 25% of homes were built before 1960, about 31 points below Mower County's 55%. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing.
In Racine, the housing stock is 96% single-family homes.
In Racine, about 75% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
About 89% of occupied homes in Racine are owner-occupied.
In Racine, 94% of homes are primarily heated with natural gas.
FEMA rates Mower County's overall risk as Relatively Low, led by hail (Relatively Moderate). Mower County had 81 active NFIP flood policies as of September 2026. See the full Mower 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 | $260,000 |
|---|---|
| Median year built | 1980 |
| Owner-occupied share | 89% |
| Share of owner-occupied homes with a mortgage | 75% |
| Top county hazard | Hail (Relatively Moderate) |
| Active NFIP policies in Mower County | 81 |
| 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)