Home Insurance in Gregory County, South Dakota
With a median home value of $139,900, Gregory County is 46% lower than the South Dakota median.
The typical home in Gregory County was built around 1963. About 47% of homes were built before 1960, about 19 points above South Dakota's 28%. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.
Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Gregory County is 85% single-family homes, 7% apartments in buildings with 5+ units and 7% mobile or manufactured homes.
About 30% of owner-occupied homes in Gregory County have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Gregory County has an owner-occupancy rate of 77% and a vacancy rate of 26%; unoccupied homes typically need a different coverage form.
Homes heated with propane can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies. In Gregory County, 46% of homes are primarily heated with electricity.
Per FEMA's National Risk Index, Gregory County's top hazards are wildfire (Relatively Low), winter weather (Relatively Moderate) and hail (Relatively Low).
Standard homeowners insurance does not cover flood damage, so flood coverage needs a separate NFIP or private flood policy. As of September 2026, Gregory County has 1 active NFIP flood policy on file.
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 | $139,900 |
|---|---|
| Median year built | 1963 |
| Owner-occupied share | 77% |
| Share of owner-occupied homes with a mortgage | 30% |
| Top hazards (FEMA National Risk Index) | Wildfire (Relatively Low), Winter Weather (Relatively Moderate), Hail (Relatively Low) |
| Active NFIP flood policies (county) | 1 |
| Home insurance premium | $1,614 - statewide average (NAIC, 2023 data) |
Towns and cities
Smaller communities
-
Fairfax
- Median home value: $62,100
- Median year built: 1979
- Owner-occupied share: 83%
-
Gregory
- Median home value: $115,300
- Median year built: 1965
- Owner-occupied share: 66%
Sources
- 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)