Home Insurance in Clear Lake, South Dakota
Homes in Clear Lake carry a median value of $162,500 - 21% lower than the Deuel County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Clear Lake was built around 1974. About 29% of homes were built before 1960, about 14 points below Deuel County's 43%.
In Clear Lake, the housing stock is 79% single-family homes, 13% apartments in buildings with 5+ units and 3% mobile or manufactured homes.
64% of owner-occupied homes in Clear Lake carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
The vacancy rate is 16%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 73% of occupied homes in Clear Lake are owner-occupied.
Most homes in Clear Lake - 64% - are primarily heated with natural gas.
What's the biggest home insurance risk near Clear Lake? FEMA's National Risk Index points to wildfire (Relatively Low) in Deuel County and Deuel County has no active NFIP flood policies on file. See the full Deuel County home insurance overview for all FEMA hazard ratings and flood coverage details.
In South Dakota, the statewide average premium for a standard HO-3 homeowners policy is $1,614 per year (NAIC, 2023 data).
Key figures
| Median home value | $162,500 |
|---|---|
| Median year built | 1974 |
| Owner-occupied share | 73% |
| Share of owner-occupied homes with a mortgage | 64% |
| Top county hazard | Wildfire (Relatively Low) |
| 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)