Home Insurance in Manhattan, Montana
Homes in Manhattan carry a median value of $517,800 - 22% lower than the Gallatin County median.
The typical home in Manhattan was built around 1984. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. About 27% of homes were built before 1960, about 14 points above Gallatin County's 13%.
The housing stock in Manhattan is 82% single-family homes, 9% apartments in buildings with 5+ units and 2% mobile or manufactured homes.
About 59% of owner-occupied homes in Manhattan have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Manhattan has an owner-occupancy rate of 75% and a vacancy rate of 1%; unoccupied homes typically need a different coverage form.
71% of homes in Manhattan are primarily heated with natural gas.
Gallatin County's top FEMA-rated hazard is winter weather (Very High), per FEMA's National Risk Index. Gallatin County had 390 active NFIP flood policies as of September 2026. See the full Gallatin County home insurance overview for all FEMA hazard ratings and flood coverage details.
In Montana, the statewide average premium for a standard HO-3 homeowners policy is $1,768 per year (NAIC, 2023 data).
Key figures
| Median home value | $517,800 |
|---|---|
| Median year built | 1984 |
| Owner-occupied share | 75% |
| Share of owner-occupied homes with a mortgage | 59% |
| Top county hazard | Winter Weather (Very High) |
| Active NFIP policies in Gallatin County | 390 |
| Home insurance premium | $1,768 - 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)