Home Insurance in Lake Nebagamon, Wisconsin
The median home value in Lake Nebagamon is $284,500, 38% higher than the Douglas County median.
The typical home in Lake Nebagamon was built around 1982. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. About 23% of homes were built before 1960, about 18 points below Douglas County's 40%.
Housing in Lake Nebagamon breaks down to 94% single-family homes and 2% apartments in buildings with 5+ units.
In Lake Nebagamon, about 48% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Lake Nebagamon has an owner-occupancy rate of 86% and a vacancy rate of 40%; unoccupied homes typically need a different coverage form.
Most homes in Lake Nebagamon - 60% - are primarily heated with natural gas. Homes heated with propane can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.
Douglas County's top FEMA-rated hazard is inland flooding (Relatively Low), per FEMA's National Risk Index. Douglas County had 64 active NFIP flood policies as of September 2026. See the full Douglas County home insurance overview for all FEMA hazard ratings and flood coverage details. Flood damage is excluded from a standard homeowners policy.
According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in Wisconsin carries a statewide average premium of $923 per year.
Key figures
| Median home value | $284,500 |
|---|---|
| Median year built | 1982 |
| Owner-occupied share | 86% |
| Share of owner-occupied homes with a mortgage | 48% |
| Top county hazard | Inland Flooding (Relatively Low) |
| Active NFIP policies in Douglas County | 64 |
| 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)