Home Insurance in Byron, Minnesota
With a median home value of $345,300, Byron is close to the Olmsted County median.
The typical home in Byron was built around 2000. About 5% of homes were built before 1960, about 14 points below Olmsted County's 19%. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing.
The housing stock in Byron is 89% single-family homes and 11% apartments in buildings with 5+ units.
In Byron, about 73% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
About 83% of occupied homes in Byron are owner-occupied. The vacancy rate is 2%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
84% of homes in Byron are primarily heated with natural gas.
FEMA rates Olmsted County's overall risk as Relatively Moderate, led by tornado (Relatively Moderate). Olmsted County had 173 active NFIP flood policies as of September 2026. See the full Olmsted 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 | $345,300 |
|---|---|
| Median year built | 2000 |
| Owner-occupied share | 83% |
| Share of owner-occupied homes with a mortgage | 73% |
| Top county hazard | Tornado (Relatively Moderate) |
| Active NFIP policies in Olmsted County | 173 |
| 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)