Home Insurance in Oak Creek, Wisconsin
Homes in Oak Creek carry a median value of $331,700 - 44% higher than the Milwaukee County median.
The typical home in Oak Creek was built around 1991. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. About 14% of homes were built before 1960, about 42 points below Milwaukee County's 56%.
In Oak Creek, the housing stock is 57% single-family homes, 34% apartments in buildings with 5+ units and 1% mobile or manufactured homes.
In Oak Creek, about 63% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Oak Creek has an owner-occupancy rate of 57% and a vacancy rate of 3%; unoccupied homes typically need a different coverage form.
71% of homes in Oak Creek are primarily heated with natural gas.
FEMA rates Milwaukee County's overall risk as Relatively High, led by tornado (Very High). Milwaukee County had 1,390 active NFIP flood policies as of September 2026. See the full Milwaukee County home insurance overview for all FEMA hazard ratings and flood coverage details.
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 | $331,700 |
|---|---|
| Median year built | 1991 |
| Owner-occupied share | 57% |
| Share of owner-occupied homes with a mortgage | 63% |
| Top county hazard | Tornado (Very High) |
| Active NFIP policies in Milwaukee County | 1,390 |
| 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)