Home Insurance in Waunakee, Wisconsin
With a median home value of $515,900, Waunakee is 31% higher than the Dane County median.
Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. The typical home in Waunakee was built around 1998. About 7% of homes were built before 1960, about 13 points below Dane County's 21%.
In Waunakee, the housing stock is 75% single-family homes and 20% apartments in buildings with 5+ units.
76% of owner-occupied homes in Waunakee carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
The vacancy rate is 4%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 77% of occupied homes in Waunakee are owner-occupied.
In Waunakee, 76% of homes are primarily heated with natural gas.
What's the biggest home insurance risk near Waunakee? FEMA's National Risk Index points to hail (Relatively High) in Dane County and Dane County had 971 active NFIP flood policies as of September 2026. See the full Dane County home insurance overview for all FEMA hazard ratings and flood coverage details.
In Wisconsin, the statewide average premium for a standard HO-3 homeowners policy is $923 per year (NAIC, 2023 data).
Key figures
| Median home value | $515,900 |
|---|---|
| Median year built | 1998 |
| Owner-occupied share | 77% |
| Share of owner-occupied homes with a mortgage | 76% |
| Top county hazard | Hail (Relatively High) |
| Active NFIP policies in Dane County | 971 |
| Home insurance premium | $923 - 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)