Home Insurance in McKinley, Minnesota
With a median home value of $125,000, McKinley is 44% lower than the St. Louis 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 McKinley was built around 1971. About 42% of homes were built before 1960, about 7 points below St. Louis County's 48%.
Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in McKinley is 84% single-family homes and 16% mobile or manufactured homes.
About 15% of owner-occupied homes in McKinley have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
McKinley has an owner-occupancy rate of 98% and a vacancy rate of 11%; unoccupied homes typically need a different coverage form.
Homes heated with propane and fuel oil can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies. In McKinley, 45% of homes are primarily heated with electricity.
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.
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 | $125,000 |
|---|---|
| Median year built | 1971 |
| Owner-occupied share | 98% |
| Share of owner-occupied homes with a mortgage | 15% |
| 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)