Home Insurance in Red Lake County, Minnesota
The median home value in Red Lake County is $162,000, 51% lower than the Minnesota median.
The typical home in Red Lake County was built around 1969. About 40% of homes were built before 1960, about 11 points above Minnesota's 29%. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.
Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Red Lake County is 82% single-family homes, 6% apartments in buildings with 5+ units and 8% mobile or manufactured homes.
About 47% of owner-occupied homes in Red Lake County have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Red Lake County has an owner-occupancy rate of 83% and a vacancy rate of 11%; unoccupied homes typically need a different coverage form.
Homes heated with propane, fuel oil and wood can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies. 39% of homes in Red Lake County are primarily heated with propane.
Per FEMA's National Risk Index, Red Lake County's top hazards are wildfire (Very Low), winter weather (Relatively Low) and hail (Very Low).
Red Lake County has no active NFIP flood policies on file. Standard homeowners insurance does not cover flood damage, so flood coverage needs a separate NFIP or private flood policy.
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 | $162,000 |
|---|---|
| Median year built | 1969 |
| Owner-occupied share | 83% |
| Share of owner-occupied homes with a mortgage | 47% |
| Top hazards (FEMA National Risk Index) | Wildfire (Very Low), Winter Weather (Relatively Low), Hail (Very Low) |
| Home insurance premium | $1,988 - statewide average (NAIC, 2023 data) |
Towns and cities
Sources
- 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)