Home Insurance in North Bay, Wisconsin
With a median home value of $490,000, North Bay is 95% higher than the Racine County median.
The typical home in North Bay was built around 1952. About 81% of homes were built before 1960, about 42 points above Racine County's 39%. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.
In North Bay, the housing stock is 100% single-family homes.
About 61% of owner-occupied homes in North Bay have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
North Bay has an owner-occupancy rate of 99% and a vacancy rate of 5%; unoccupied homes typically need a different coverage form.
In North Bay, 73% of homes are primarily heated with natural gas.
Racine County's top FEMA-rated hazard is tornado (Relatively High), per FEMA's National Risk Index. Racine County had 334 active NFIP flood policies as of September 2026. See the full Racine 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 Wisconsin is $923 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $490,000 |
|---|---|
| Median year built | 1952 |
| Owner-occupied share | 99% |
| Share of owner-occupied homes with a mortgage | 61% |
| Top county hazard | Tornado (Relatively High) |
| Active NFIP policies in Racine County | 334 |
| 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)