Home Insurance in Walnut Grove, Minnesota
The median home value in Walnut Grove is $90,000, 43% lower than the Redwood County median.
Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. The typical home in Walnut Grove was built around 1961. About 49% of homes were built before 1960, about 4 points above Redwood County's 45%.
In Walnut Grove, the housing stock is 74% single-family homes, 22% apartments in buildings with 5+ units and 1% mobile or manufactured homes.
In Walnut Grove, about 39% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
About 67% of occupied homes in Walnut Grove are owner-occupied. The vacancy rate is 10%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
In Walnut Grove, 56% of homes are primarily heated with natural gas.
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.
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 | $90,000 |
|---|---|
| Median year built | 1961 |
| Owner-occupied share | 67% |
| Share of owner-occupied homes with a mortgage | 39% |
| 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)