Home Insurance in Kaktovik, Alaska
With a median home value of $97,100, Kaktovik is 56% lower than the North Slope Borough median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Kaktovik was built around 1983. About 0% of homes were built before 1960, about 2 points below North Slope Borough's 2%.
In Kaktovik, the housing stock is 98% single-family homes and 2% mobile or manufactured homes.
About 19% of owner-occupied homes in Kaktovik have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Kaktovik has an owner-occupancy rate of 81% and a vacancy rate of 20%; unoccupied homes typically need a different coverage form.
Most homes in Kaktovik - 100% - are primarily heated with fuel oil. Homes heated with fuel oil can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.
North Slope Borough's top FEMA-rated hazard is winter weather (Relatively Moderate), per FEMA's National Risk Index. North Slope Borough had 1 active NFIP flood policy as of September 2026. See the full North Slope Borough home insurance overview for all FEMA hazard ratings and flood coverage details.
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 | $97,100 |
|---|---|
| Median year built | 1983 |
| Owner-occupied share | 81% |
| Share of owner-occupied homes with a mortgage | 19% |
| Top county hazard | Winter Weather (Relatively Moderate) |
| Active NFIP policies in North Slope Borough | 1 |
| 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)