Home Insurance in Oklee, Minnesota
Homes in Oklee carry a median value of $122,000 - 25% lower than the Red Lake County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Oklee was built around 1966. About 36% of homes were built before 1960, about 3 points below Red Lake County's 40%.
In Oklee, the housing stock is 84% single-family homes and 2% mobile or manufactured homes. The rest are 2-4 unit or other housing types.
In Oklee, about 43% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Oklee has an owner-occupancy rate of 80% and a vacancy rate of 18%; unoccupied homes typically need a different coverage form.
In Oklee, 42% of homes are primarily heated with electricity. Homes heated with propane and fuel oil can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.
FEMA rates Red Lake County's overall risk as Very Low, led by wildfire (Very Low). Red Lake County has no active NFIP flood policies on file. See the full Red Lake 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 | $122,000 |
|---|---|
| Median year built | 1966 |
| Owner-occupied share | 80% |
| Share of owner-occupied homes with a mortgage | 43% |
| Top county hazard | Wildfire (Very Low) |
| 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)