Home Insurance in Wabasso, Minnesota
Homes in Wabasso carry a median value of $109,600 - 31% lower than the Redwood County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Wabasso was built around 1970. About 29% of homes were built before 1960, about 17 points below Redwood County's 45%.
In Wabasso, the housing stock is 81% single-family homes and 19% apartments in buildings with 5+ units.
About 53% of owner-occupied homes in Wabasso have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Wabasso has an owner-occupancy rate of 76% and a vacancy rate of 7%; unoccupied homes typically need a different coverage form.
Most homes in Wabasso - 68% - are primarily heated with propane. Homes heated with propane can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.
Redwood County's top FEMA-rated hazard is winter weather (Relatively Moderate), per FEMA's National Risk Index. Redwood County had 4 active NFIP flood policies as of September 2026. See the full Redwood County home insurance overview for all FEMA hazard ratings and flood coverage details.
In Minnesota, the statewide average premium for a standard HO-3 homeowners policy is $1,988 per year (NAIC, 2023 data).
Key figures
| Median home value | $109,600 |
|---|---|
| Median year built | 1970 |
| Owner-occupied share | 76% |
| Share of owner-occupied homes with a mortgage | 53% |
| Top county hazard | Winter Weather (Relatively Moderate) |
| Active NFIP policies in Redwood County | 4 |
| 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)