Home Insurance in Kachemak, Alaska
With a median home value of $450,000, Kachemak is 39% higher than the Kenai Peninsula Borough median.
The typical home in Kachemak was built around 1995. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. About 3% of homes were built before 1960, in line with Kenai Peninsula Borough (4%).
Housing in Kachemak breaks down to 89% single-family homes, 5% apartments in buildings with 5+ units and 2% mobile or manufactured homes.
50% of owner-occupied homes in Kachemak carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
About 76% of occupied homes in Kachemak are owner-occupied. The vacancy rate is 16%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
Most homes in Kachemak - 60% - are primarily heated with natural gas. Homes heated with fuel oil and wood can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.
Kenai Peninsula Borough's top FEMA-rated hazard is earthquake (Relatively High), per FEMA's National Risk Index. Kenai Peninsula Borough had 354 active NFIP flood policies as of September 2026. See the full Kenai Peninsula Borough 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 | $450,000 |
|---|---|
| Median year built | 1995 |
| Owner-occupied share | 76% |
| Share of owner-occupied homes with a mortgage | 50% |
| Top county hazard | Earthquake (Relatively High) |
| Active NFIP policies in Kenai Peninsula Borough | 354 |
| 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)