Home Insurance in Park Falls, Wisconsin
The median home value in Park Falls is $84,800, 48% lower than the Price County median.
The typical home in Park Falls was built around 1957. About 56% of homes were built before 1960, about 23 points above Price County's 33%. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild.
The housing stock in Park Falls is 72% single-family homes, 18% apartments in buildings with 5+ units and 1% mobile or manufactured homes.
53% of owner-occupied homes in Park Falls carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
About 67% of occupied homes in Park Falls are owner-occupied. The vacancy rate is 13%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
In Park Falls, 71% of homes are primarily heated with natural gas.
FEMA rates Price County's overall risk as Very Low, led by inland flooding (Relatively Low). Price County had 23 active NFIP flood policies as of September 2026. See the full Price 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 | $84,800 |
|---|---|
| Median year built | 1957 |
| Owner-occupied share | 67% |
| Share of owner-occupied homes with a mortgage | 53% |
| Top county hazard | Inland Flooding (Relatively Low) |
| Active NFIP policies in Price County | 23 |
| 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)