Home Insurance in Port Lions, Alaska
With a median home value of $161,500, Port Lions is 61% lower than the Kodiak Island Borough median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Port Lions was built around 1977. About 2% of homes were built before 1960, about 9 points below Kodiak Island Borough's 11%.
Housing in Port Lions breaks down to 98% single-family homes and 2% mobile or manufactured homes.
In Port Lions, about 23% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
About 93% of occupied homes in Port Lions are owner-occupied. The vacancy rate is 46%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
Homes heated with fuel oil and wood can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies. In Port Lions, 66% of homes are primarily heated with fuel oil.
FEMA rates Kodiak Island Borough's overall risk as Relatively Low, led by earthquake (Relatively Moderate). Kodiak Island Borough has no active NFIP flood policies on file. See the full Kodiak Island Borough 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 | $161,500 |
|---|---|
| Median year built | 1977 |
| Owner-occupied share | 93% |
| Share of owner-occupied homes with a mortgage | 23% |
| Top county hazard | Earthquake (Relatively Moderate) |
| 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)