Home Insurance in Hoyt Lakes, Minnesota
With a median home value of $93,300, Hoyt Lakes is 58% lower than the St. Louis County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Hoyt Lakes was built around 1956. About 78% of homes were built before 1960, about 29 points above St. Louis County's 48%.
Housing in Hoyt Lakes breaks down to 97% single-family homes, 2% apartments in buildings with 5+ units and 1% mobile or manufactured homes.
About 45% of owner-occupied homes in Hoyt Lakes have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Hoyt Lakes has an owner-occupancy rate of 96% and a vacancy rate of 12%; unoccupied homes typically need a different coverage form.
In Hoyt Lakes, 89% of homes are primarily heated with natural gas.
FEMA rates St. Louis County's overall risk as Relatively Moderate, led by winter weather (Very High). St. Louis County had 343 active NFIP flood policies as of September 2026. See the full St. Louis 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 | $93,300 |
|---|---|
| Median year built | 1956 |
| Owner-occupied share | 96% |
| Share of owner-occupied homes with a mortgage | 45% |
| Top county hazard | Winter Weather (Very High) |
| Active NFIP policies in St. Louis County | 343 |
| 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)