Home Insurance in Clarkfield, Minnesota
With a median home value of $95,600, Clarkfield is 38% lower than the Yellow Medicine County median.
Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. The typical home in Clarkfield was built around 1958. About 53% of homes were built before 1960, in line with Yellow Medicine County (53%).
Housing in Clarkfield breaks down to 89% single-family homes and 6% apartments in buildings with 5+ units.
In Clarkfield, about 58% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Clarkfield has an owner-occupancy rate of 79% and a vacancy rate of 10%; unoccupied homes typically need a different coverage form.
Most homes in Clarkfield - 80% - are primarily heated with natural gas.
What's the biggest home insurance risk near Clarkfield? FEMA's National Risk Index points to winter weather (Relatively Moderate) in Yellow Medicine County and Yellow Medicine County had 15 active NFIP flood policies as of September 2026. See the full Yellow Medicine 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 | $95,600 |
|---|---|
| Median year built | 1958 |
| Owner-occupied share | 79% |
| Share of owner-occupied homes with a mortgage | 58% |
| Top county hazard | Winter Weather (Relatively Moderate) |
| Active NFIP policies in Yellow Medicine County | 15 |
| 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)