Home Insurance in Oconomowoc, Wisconsin
The median home value in Oconomowoc is $394,500, close to the Waukesha County median.
The typical home in Oconomowoc was built around 1982. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. About 23% of homes were built before 1960, about 3 points above Waukesha County's 20%.
The housing stock in Oconomowoc is 68% single-family homes and 26% apartments in buildings with 5+ units.
In Oconomowoc, about 74% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Oconomowoc has an owner-occupancy rate of 69% and a vacancy rate of 2%; unoccupied homes typically need a different coverage form.
Most homes in Oconomowoc - 77% - are primarily heated with natural gas.
FEMA rates Waukesha County's overall risk as Relatively Moderate, led by hail (Relatively High). 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 | $394,500 |
|---|---|
| Median year built | 1982 |
| Owner-occupied share | 69% |
| Share of owner-occupied homes with a mortgage | 74% |
| 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)