Home Insurance in Lake Andes, South Dakota
Homes in Lake Andes carry a median value of $58,800 - 66% lower than the Charles Mix County median.
Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. The typical home in Lake Andes was built around 1953. About 59% of homes were built before 1960, about 18 points above Charles Mix County's 42%.
The housing stock in Lake Andes is 82% single-family homes, 11% apartments in buildings with 5+ units and 4% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
27% of owner-occupied homes in Lake Andes carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
The vacancy rate is 25%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 71% of occupied homes in Lake Andes are owner-occupied.
Homes heated with propane and fuel oil can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies. In Lake Andes, 43% of homes are primarily heated with electricity.
What's the biggest home insurance risk near Lake Andes? FEMA's National Risk Index points to winter weather (Relatively Moderate) in Charles Mix County and Charles Mix County had 3 active NFIP flood policies as of September 2026. See the full Charles Mix County home insurance overview for all FEMA hazard ratings and flood coverage details.
The statewide average premium for a standard HO-3 homeowners policy in South Dakota is $1,614 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $58,800 |
|---|---|
| Median year built | 1953 |
| Owner-occupied share | 71% |
| Share of owner-occupied homes with a mortgage | 27% |
| Top county hazard | Winter Weather (Relatively Moderate) |
| Active NFIP policies in Charles Mix County | 3 |
| 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)