Home Insurance in Tripp, South Dakota
Homes in Tripp carry a median value of $66,300 - 59% lower than the Hutchinson County median.
The typical home in Tripp was built around 1950. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. About 62% of homes were built before 1960, about 13 points above Hutchinson County's 48%.
The housing stock in Tripp is 87% single-family homes, 12% apartments in buildings with 5+ units and 1% mobile or manufactured homes.
26% of owner-occupied homes in Tripp carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
About 67% of occupied homes in Tripp are owner-occupied. The vacancy rate is 13%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
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 Tripp, 42% of homes are primarily heated with electricity.
Hutchinson County's top FEMA-rated hazard is winter weather (Relatively Moderate), per FEMA's National Risk Index. Hutchinson County had 17 active NFIP flood policies as of September 2026. 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 | $66,300 |
|---|---|
| Median year built | 1950 |
| Owner-occupied share | 67% |
| Share of owner-occupied homes with a mortgage | 26% |
| 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)