Home Insurance in Cordova, Alaska
The median home value in Cordova is $419,400, 21% higher than the Chugach Census Area median.
The typical home in Cordova was built around 1982. About 17% of homes were built before 1960, about 3 points above Chugach Census Area's 15%. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild.
Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Cordova is 66% single-family homes, 10% apartments in buildings with 5+ units and 11% mobile or manufactured homes. The rest are 2-4 unit or other housing types.
38% of owner-occupied homes in Cordova carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Cordova has an owner-occupancy rate of 65% and a vacancy rate of 20%; unoccupied homes typically need a different coverage form.
Homes heated with propane and fuel oil can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies. In Cordova, 74% of homes are primarily heated with fuel oil.
FEMA rates Chugach Census Area's overall risk as Very Low, led by earthquake (Relatively Low). Chugach Census Area had 30 active NFIP flood policies as of September 2026. See the full Chugach Census Area home insurance overview for all FEMA hazard ratings and flood coverage details. Earthquake damage is excluded from a standard homeowners policy.
According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in Alaska carries a statewide average premium of $1,216 per year.
Key figures
| Median home value | $419,400 |
|---|---|
| Median year built | 1982 |
| Owner-occupied share | 65% |
| Share of owner-occupied homes with a mortgage | 38% |
| Top county hazard | Earthquake (Relatively Low) |
| Active NFIP policies in Chugach Census Area | 30 |
| 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)