Home Insurance in Olivia, Minnesota
With a median home value of $159,200, Olivia is close to the Renville County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Olivia was built around 1966. About 43% of homes were built before 1960, about 8 points below Renville County's 51%.
In Olivia, the housing stock is 70% single-family homes, 23% apartments in buildings with 5+ units and 4% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
In Olivia, about 54% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Olivia has an owner-occupancy rate of 66% and a vacancy rate of 15%; unoccupied homes typically need a different coverage form.
In Olivia, 71% of homes are primarily heated with natural gas.
Renville County had 5 active NFIP flood policies as of September 2026. Its top FEMA-rated hazard is winter weather (Relatively Moderate). See the full Renville 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 | $159,200 |
|---|---|
| Median year built | 1966 |
| Owner-occupied share | 66% |
| Share of owner-occupied homes with a mortgage | 54% |
| Top county hazard | Winter Weather (Relatively Moderate) |
| Active NFIP policies in Renville County | 5 |
| 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)