Home Insurance in Lakeland, Minnesota
Homes in Lakeland carry a median value of $373,900 - 11% lower than the Washington County median.
The typical home in Lakeland was built around 1976. About 24% of homes were built before 1960, about 12 points above Washington County's 13%. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild.
In Lakeland, the housing stock is 97% single-family homes.
In Lakeland, about 61% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
The vacancy rate is 5%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 87% of occupied homes in Lakeland are owner-occupied.
89% of homes in Lakeland are primarily heated with natural gas.
What's the biggest home insurance risk near Lakeland? FEMA's National Risk Index points to strong wind (Very High) in Washington County and Washington County had 323 active NFIP flood policies as of September 2026. See the full Washington 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 | $373,900 |
|---|---|
| Median year built | 1976 |
| Owner-occupied share | 87% |
| Share of owner-occupied homes with a mortgage | 61% |
| Top county hazard | Strong Wind (Very High) |
| Active NFIP policies in Washington County | 323 |
| Home insurance premium | $1,988 - statewide average (NAIC, 2023 data) |
Nearby towns
- Lakeland Shores
- Lake St. Croix Beach
- St. Marys Point
- Bayport
- Afton
- Oak Park Heights
- Lake Elmo
- Stillwater
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)