Home Insurance in Summerset, South Dakota
With a median home value of $368,300, Summerset is 18% higher than the Meade County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Summerset was built around 2007. About 3% of homes were built before 1960, about 13 points below Meade County's 16%.
Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Summerset is 77% single-family homes, 8% apartments in buildings with 5+ units and 9% mobile or manufactured homes.
In Summerset, about 71% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
The vacancy rate is 3%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 79% of occupied homes in Summerset are owner-occupied.
Most homes in Summerset - 76% - are primarily heated with natural gas.
FEMA rates Meade County's overall risk as Relatively Low, led by wildfire (Relatively Moderate). Meade County had 80 active NFIP flood policies as of September 2026. See the full Meade County home insurance overview for all FEMA hazard ratings and flood coverage details.
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 | $368,300 |
|---|---|
| Median year built | 2007 |
| Owner-occupied share | 79% |
| Share of owner-occupied homes with a mortgage | 71% |
| Top county hazard | Wildfire (Relatively Moderate) |
| Active NFIP policies in Meade County | 80 |
| 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)