HomeInsuranceQts

Home Insurance in Basalt, Idaho

The median home value in Basalt is $306,600, close to the Bingham County median.

The typical home in Basalt was built around 1971. About 37% of homes were built before 1960, about 11 points above Bingham County's 26%. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.

In Basalt, the housing stock is 88% single-family homes and 10% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.

In Basalt, about 63% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.

Basalt has an owner-occupancy rate of 81% and a vacancy rate of 1%; unoccupied homes typically need a different coverage form.

77% of homes in Basalt are primarily heated with natural gas.

Bingham County had 93 active NFIP flood policies as of September 2026. Its top FEMA-rated hazard is winter weather (Relatively High). See the full Bingham County 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 Idaho carries a statewide average premium of $1,135 per year.

Key figures

Median home value$306,600
Median year built1971
Owner-occupied share81%
Share of owner-occupied homes with a mortgage63%
Top county hazardWinter Weather (Relatively High)
Active NFIP policies in Bingham County93
Home insurance premium$1,135 - statewide average (NAIC, 2023 data)
Key home insurance figures for Basalt, ID

Nearby towns

Sources

Data last updated: 2026-09-29