Home Insurance in Oconomowoc Lake, Wisconsin
The median home value in Oconomowoc Lake is $1,210,900, 204% higher than the Waukesha County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Oconomowoc Lake was built around 1979. About 33% of homes were built before 1960, about 14 points above Waukesha County's 20%.
In Oconomowoc Lake, the housing stock is 97% single-family homes.
66% of owner-occupied homes in Oconomowoc Lake carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
The vacancy rate is 24%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 98% of occupied homes in Oconomowoc Lake are owner-occupied.
In Oconomowoc Lake, 89% of homes are primarily heated with natural gas.
Waukesha County's top FEMA-rated hazard is hail (Relatively High), per FEMA's National Risk Index. Waukesha County had 659 active NFIP flood policies as of September 2026. See the full Waukesha County home insurance overview for all FEMA hazard ratings and flood coverage details.
In Wisconsin, the statewide average premium for a standard HO-3 homeowners policy is $923 per year (NAIC, 2023 data).
Key figures
| Median home value | $1,210,900 |
|---|---|
| Median year built | 1979 |
| Owner-occupied share | 98% |
| Share of owner-occupied homes with a mortgage | 66% |
| Top county hazard | Hail (Relatively High) |
| Active NFIP policies in Waukesha County | 659 |
| 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)