Home Insurance in Clearwater, Minnesota
With a median home value of $271,800, Clearwater is 24% lower than the Wright County median.
The typical home in Clearwater was built around 2002. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. About 11% of homes were built before 1960, about 2 points below Wright County's 13%.
In Clearwater, the housing stock is 67% single-family homes, 32% apartments in buildings with 5+ units and 1% mobile or manufactured homes.
In Clearwater, about 77% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
About 62% of occupied homes in Clearwater are owner-occupied.
Most homes in Clearwater - 65% - are primarily heated with natural gas.
What's the biggest home insurance risk near Clearwater? FEMA's National Risk Index points to strong wind (Relatively High) in Wright County and Wright County had 135 active NFIP flood policies as of September 2026. See the full Wright 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 | $271,800 |
|---|---|
| Median year built | 2002 |
| Owner-occupied share | 62% |
| Share of owner-occupied homes with a mortgage | 77% |
| Top county hazard | Strong Wind (Relatively High) |
| Active NFIP policies in Wright County | 135 |
| 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)