Home Insurance in Rushmore, Minnesota
The median home value in Rushmore is $114,700, 42% lower than the Nobles County median.
Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. The typical home in Rushmore was built around 1945. About 60% of homes were built before 1960, about 17 points above Nobles County's 43%.
The housing stock in Rushmore is 87% single-family homes, 10% apartments in buildings with 5+ units and 3% mobile or manufactured homes.
39% of owner-occupied homes in Rushmore carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Rushmore has an owner-occupancy rate of 85% and a vacancy rate of 5%; unoccupied homes typically need a different coverage form.
Homes heated with propane and fuel oil can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies. Most homes in Rushmore - 79% - are primarily heated with propane.
What's the biggest home insurance risk near Rushmore? FEMA's National Risk Index points to hail (Relatively Moderate) in Nobles County and Nobles County had 20 active NFIP flood policies as of September 2026. See the full Nobles 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 | $114,700 |
|---|---|
| Median year built | 1945 |
| Owner-occupied share | 85% |
| Share of owner-occupied homes with a mortgage | 39% |
| Top county hazard | Hail (Relatively Moderate) |
| Active NFIP policies in Nobles County | 20 |
| 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)