Home Insurance in Big Lake, Minnesota
With a median home value of $330,200, Big Lake is 9% lower than the Sherburne 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 Big Lake was built around 2000. About 7% of homes were built before 1960, about 2 points below Sherburne County's 9%.
The housing stock in Big Lake is 90% single-family homes, 7% apartments in buildings with 5+ units and 3% mobile or manufactured homes.
In Big Lake, about 79% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
About 87% of occupied homes in Big Lake are owner-occupied. The vacancy rate is 3%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
77% of homes in Big Lake are primarily heated with natural gas.
What's the biggest home insurance risk near Big Lake? FEMA's National Risk Index points to strong wind (Relatively High) in Sherburne County and Sherburne County had 113 active NFIP flood policies as of September 2026. See the full Sherburne 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 | $330,200 |
|---|---|
| Median year built | 2000 |
| Owner-occupied share | 87% |
| Share of owner-occupied homes with a mortgage | 79% |
| Top county hazard | Strong Wind (Relatively High) |
| Active NFIP policies in Sherburne County | 113 |
| 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)