Home Insurance in Newell, South Dakota
The median home value in Newell is $141,300, 42% lower than the Butte County median.
The typical home in Newell was built around 1958. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. About 53% of homes were built before 1960, about 25 points above Butte County's 28%.
Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Newell is 88% single-family homes, 5% apartments in buildings with 5+ units and 7% mobile or manufactured homes.
About 45% of owner-occupied homes in Newell have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Newell has an owner-occupancy rate of 92% and a vacancy rate of 23%; unoccupied homes typically need a different coverage form.
Most homes in Newell - 55% - 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.
What's the biggest home insurance risk near Newell? FEMA's National Risk Index points to wildfire (Relatively Low) in Butte County and Butte County had 30 active NFIP flood policies as of September 2026. See the full Butte 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 South Dakota carries a statewide average premium of $1,614 per year.
Key figures
| Median home value | $141,300 |
|---|---|
| Median year built | 1958 |
| Owner-occupied share | 92% |
| Share of owner-occupied homes with a mortgage | 45% |
| Top county hazard | Wildfire (Relatively Low) |
| Active NFIP policies in Butte County | 30 |
| Home insurance premium | $1,614 - 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)