Home Insurance in Goodnews Bay, Alaska
With a median home value of $137,500, Goodnews Bay is 18% lower than the Bethel Census Area median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Goodnews Bay was built around 2001. About 15% of homes were built before 1960, about 12 points above Bethel Census Area's 3%.
In Goodnews Bay, the housing stock is 85% single-family homes and 10% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
16% of owner-occupied homes in Goodnews Bay carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Goodnews Bay has an owner-occupancy rate of 100% and a vacancy rate of 5%; unoccupied homes typically need a different coverage form.
Most homes in Goodnews Bay - 100% - are primarily heated with fuel oil. Homes heated with fuel oil can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.
FEMA rates Bethel Census Area's overall risk as Relatively Low, led by winter weather (Relatively High). Bethel Census Area had 112 active NFIP flood policies as of September 2026. See the full Bethel Census Area home insurance overview for all FEMA hazard ratings and flood coverage details.
In Alaska, the statewide average premium for a standard HO-3 homeowners policy is $1,216 per year (NAIC, 2023 data).
Key figures
| Median home value | $137,500 |
|---|---|
| Median year built | 2001 |
| Owner-occupied share | 100% |
| Share of owner-occupied homes with a mortgage | 16% |
| Top county hazard | Winter Weather (Relatively High) |
| Active NFIP policies in Bethel Census Area | 112 |
| Home insurance premium | $1,216 - 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)