Home Insurance in Freeman, South Dakota
Homes in Freeman carry a median value of $164,200 - close to the Hutchinson County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Freeman was built around 1958. About 52% of homes were built before 1960, about 4 points above Hutchinson County's 48%.
Housing in Freeman breaks down to 87% single-family homes and 11% apartments in buildings with 5+ units.
In Freeman, about 54% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Freeman has an owner-occupancy rate of 75% and a vacancy rate of 10%; unoccupied homes typically need a different coverage form.
50% of homes in Freeman are primarily heated with natural gas.
Hutchinson County had 17 active NFIP flood policies as of September 2026. Its top FEMA-rated hazard is winter weather (Relatively Moderate). See the full Hutchinson 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 | $164,200 |
|---|---|
| Median year built | 1958 |
| Owner-occupied share | 75% |
| Share of owner-occupied homes with a mortgage | 54% |
| Top county hazard | Winter Weather (Relatively Moderate) |
| Active NFIP policies in Hutchinson County | 17 |
| 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)