Home Insurance in Valdez, Alaska
With a median home value of $313,000, Valdez is 10% lower than the Chugach Census Area median.
The typical home in Valdez was built around 1980. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. About 2% of homes were built before 1960, about 13 points below Chugach Census Area's 15%.
The housing stock in Valdez is 56% single-family homes, 5% apartments in buildings with 5+ units and 27% mobile or manufactured homes. The rest are 2-4 unit or other housing types. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
In Valdez, about 57% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Valdez has an owner-occupancy rate of 65% and a vacancy rate of 18%; unoccupied homes typically need a different coverage form.
In Valdez, 74% of homes are primarily heated with fuel oil. Homes heated with propane, fuel oil and wood can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.
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.
The statewide average premium for a standard HO-3 homeowners policy in Alaska is $1,216 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $313,000 |
|---|---|
| Median year built | 1980 |
| Owner-occupied share | 65% |
| Share of owner-occupied homes with a mortgage | 57% |
| 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)