Home Insurance in Richfield, Wisconsin
Homes in Richfield carry a median value of $503,400 - 46% higher than the Washington County median.
The typical home in Richfield was built around 1991. About 15% of homes were built before 1960, about 4 points below Washington County's 20%. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing.
Housing in Richfield breaks down to 99% single-family homes.
In Richfield, about 67% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
The vacancy rate is 4%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 97% of occupied homes in Richfield are owner-occupied.
Homes heated with propane can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies. In Richfield, 80% of homes are primarily heated with natural gas.
What's the biggest home insurance risk near Richfield? FEMA's National Risk Index points to hail (Relatively Moderate) in Washington County and Washington County had 306 active NFIP flood policies as of September 2026. See the full Washington 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 | $503,400 |
|---|---|
| Median year built | 1991 |
| Owner-occupied share | 97% |
| Share of owner-occupied homes with a mortgage | 67% |
| Top county hazard | Hail (Relatively Moderate) |
| Active NFIP policies in Washington County | 306 |
| 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)