Home Insurance in McPherson County, South Dakota
The median home value in McPherson County is $85,600, 67% lower than the South Dakota median.
The typical home in McPherson County was built around 1962. About 46% of homes were built before 1960, about 18 points above South Dakota's 28%. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.
The housing stock in McPherson County is 86% single-family homes, 2% apartments in buildings with 5+ units and 6% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
21% of owner-occupied homes in McPherson County carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
McPherson County has an owner-occupancy rate of 81% and a vacancy rate of 24%; unoccupied homes typically need a different coverage form.
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 McPherson County, 40% of homes are primarily heated with propane.
FEMA's National Risk Index lists winter weather (Relatively Moderate), hail (Relatively Low) and wildfire (Relatively Low) as the leading hazards for McPherson County.
Standard homeowners insurance does not cover flood damage, so flood coverage needs a separate NFIP or private flood policy. McPherson County has no active NFIP flood policies on file.
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 | $85,600 |
|---|---|
| Median year built | 1962 |
| Owner-occupied share | 81% |
| Share of owner-occupied homes with a mortgage | 21% |
| Top hazards (FEMA National Risk Index) | Winter Weather (Relatively Moderate), Hail (Relatively Low), Wildfire (Relatively Low) |
| Home insurance premium | $1,614 - statewide average (NAIC, 2023 data) |
Towns and cities
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)