Home Insurance in Colstrip, Montana
With a median home value of $194,900, Colstrip is 7% higher than the Rosebud County median.
The typical home in Colstrip was built around 1983. About 6% of homes were built before 1960, about 16 points below Rosebud County's 21%. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing.
In Colstrip, the housing stock is 49% single-family homes, 9% apartments in buildings with 5+ units and 32% mobile or manufactured homes. The rest are 2-4 unit or other housing types. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
In Colstrip, about 40% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
About 83% of occupied homes in Colstrip are owner-occupied. The vacancy rate is 15%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
48% of homes in Colstrip are primarily heated with propane. Homes heated with propane and wood can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.
FEMA rates Rosebud County's overall risk as Relatively Low, led by wildfire (Relatively Moderate). Rosebud County had 10 active NFIP flood policies as of September 2026. See the full Rosebud 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 | $194,900 |
|---|---|
| Median year built | 1983 |
| Owner-occupied share | 83% |
| Share of owner-occupied homes with a mortgage | 40% |
| Top county hazard | Wildfire (Relatively Moderate) |
| Active NFIP policies in Rosebud County | 10 |
| 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)