Home Insurance in New Richmond, Wisconsin
The median home value in New Richmond is $285,100, 25% lower than the St. Croix County median.
The typical home in New Richmond was built around 1988. About 23% of homes were built before 1960, about 6 points above St. Croix County's 17%. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild.
In New Richmond, the housing stock is 67% single-family homes and 16% apartments in buildings with 5+ units. The rest are 2-4 unit or other housing types.
71% of owner-occupied homes in New Richmond carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
New Richmond has an owner-occupancy rate of 62% and a vacancy rate of 3%; unoccupied homes typically need a different coverage form.
Most homes in New Richmond - 70% - are primarily heated with natural gas.
What's the biggest home insurance risk near New Richmond? FEMA's National Risk Index points to strong wind (Relatively High) in St. Croix County and St. Croix County had 112 active NFIP flood policies as of September 2026. See the full St. Croix 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 | $285,100 |
|---|---|
| Median year built | 1988 |
| Owner-occupied share | 62% |
| Share of owner-occupied homes with a mortgage | 71% |
| Top county hazard | Strong Wind (Relatively High) |
| Active NFIP policies in St. Croix County | 112 |
| 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)