Home Insurance in Hatfield, Minnesota
The typical home in Hatfield was built around 1985. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. About 21% of homes were built before 1960, about 34 points below Pipestone County's 55%.
In Hatfield, the housing stock is 100% single-family homes.
30% of owner-occupied homes in Hatfield carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Hatfield has an owner-occupancy rate of 71% and a vacancy rate of 26%; unoccupied homes typically need a different coverage form.
Homes heated with propane can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies. 79% of homes in Hatfield are primarily heated with propane.
What's the biggest home insurance risk near Hatfield? FEMA's National Risk Index points to winter weather (Relatively Moderate) in Pipestone County and Pipestone County had 8 active NFIP flood policies as of September 2026. See the full Pipestone 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 year built | 1985 |
|---|---|
| Owner-occupied share | 71% |
| Share of owner-occupied homes with a mortgage | 30% |
| Top county hazard | Winter Weather (Relatively Moderate) |
| Active NFIP policies in Pipestone County | 8 |
| 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)