Home Insurance in Point Hope, Alaska
With a median home value of $167,000, Point Hope is 23% lower than the North Slope Borough median.
Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. The typical home in Point Hope was built around 1982. About 0% of homes were built before 1960, about 1 point below North Slope Borough's 2%.
The housing stock in Point Hope is 97% single-family homes and 3% apartments in buildings with 5+ units.
5% of owner-occupied homes in Point Hope carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Point Hope has an owner-occupancy rate of 55% and a vacancy rate of 14%; unoccupied homes typically need a different coverage form.
97% of homes in Point Hope 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.
FEMA rates North Slope Borough's overall risk as Very Low, led by winter weather (Relatively Moderate). 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.
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 | $167,000 |
|---|---|
| Median year built | 1982 |
| Owner-occupied share | 55% |
| Share of owner-occupied homes with a mortgage | 5% |
| 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)