Home Insurance in New Prague, Minnesota
With a median home value of $350,500, New Prague is 16% lower than the Scott County median.
The typical home in New Prague was built around 1994. About 26% of homes were built before 1960, about 16 points above Scott County's 9%. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing.
In New Prague, the housing stock is 86% single-family homes and 13% apartments in buildings with 5+ units.
About 70% of owner-occupied homes in New Prague have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
New Prague has an owner-occupancy rate of 77% and a vacancy rate of 4%; unoccupied homes typically need a different coverage form.
Most homes in New Prague - 84% - are primarily heated with natural gas.
What's the biggest home insurance risk near New Prague? FEMA's National Risk Index points to strong wind (Very High) in Scott County and Scott County had 136 active NFIP flood policies as of September 2026. See the full Scott 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 | $350,500 |
|---|---|
| Median year built | 1994 |
| Owner-occupied share | 77% |
| Share of owner-occupied homes with a mortgage | 70% |
| Top county hazard | Strong Wind (Very High) |
| Active NFIP policies in Scott County | 136 |
| 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)