Home Insurance in North Slope Borough, Alaska
The median home value in North Slope Borough is $218,300, 38% lower than the Alaska median.
Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. The typical home in North Slope Borough was built around 1984. About 2% of homes were built before 1960, about 6 points below Alaska's 8%.
Housing in North Slope Borough breaks down to 75% single-family homes, 17% apartments in buildings with 5+ units and 1% mobile or manufactured homes.
38% of owner-occupied homes in North Slope Borough carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
North Slope Borough has an owner-occupancy rate of 49% and a vacancy rate of 14%; unoccupied homes typically need a different coverage form.
Most homes in North Slope Borough - 59% - are primarily heated with natural gas. Homes heated with fuel oil can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.
The top hazards for North Slope Borough, per FEMA's National Risk Index, are winter weather (Relatively Moderate), earthquake (Very Low) and wildfire (Very Low). Standard homeowners policies exclude earthquake, so separate coverage is usually needed.
As of September 2026, North Slope Borough has 1 active NFIP flood insurance policy. Standard homeowners insurance does not cover flood damage, so flood coverage needs a separate NFIP or private flood 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 | $218,300 |
|---|---|
| Median year built | 1984 |
| Owner-occupied share | 49% |
| Share of owner-occupied homes with a mortgage | 38% |
| Top hazards (FEMA National Risk Index) | Winter Weather (Relatively Moderate), Earthquake (Very Low), Wildfire (Very Low) |
| Active NFIP flood policies (county) | 1 |
| Home insurance premium | $1,216 - statewide average (NAIC, 2023 data) |
Towns and cities
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)