Home Insurance in Herrick, South Dakota
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Herrick was built around 1950. About 79% of homes were built before 1960, about 32 points above Gregory County's 47%.
Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Herrick is 91% single-family homes and 9% mobile or manufactured homes.
52% of owner-occupied homes in Herrick carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Herrick has an owner-occupancy rate of 100% and a vacancy rate of 49%; unoccupied homes typically need a different coverage form.
Most homes in Herrick - 62% - are primarily heated with propane. Homes heated with propane and fuel oil can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.
FEMA rates Gregory County's overall risk as Very Low, led by wildfire (Relatively Low). Gregory County had 1 active NFIP flood policy as of September 2026. See the full Gregory 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 year built | 1950 |
|---|---|
| Owner-occupied share | 100% |
| Share of owner-occupied homes with a mortgage | 52% |
| Top county hazard | Wildfire (Relatively Low) |
| Active NFIP policies in Gregory County | 1 |
| 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)