Home Insurance in Bancroft, Idaho
Homes in Bancroft carry a median value of $164,200 - 32% lower than the Caribou County median.
The median home in Bancroft was built in 1939 or earlier. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. About 61% of homes were built before 1960, about 26 points above Caribou County's 35%.
In Bancroft, the housing stock is 84% single-family homes and 16% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
In Bancroft, about 18% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Bancroft has an owner-occupancy rate of 86% and a vacancy rate of 19%; unoccupied homes typically need a different coverage form.
In Bancroft, 90% of homes are primarily heated with natural gas.
FEMA rates Caribou County's overall risk as Very Low, led by wildfire (Relatively Low). Caribou County had 2 active NFIP flood policies as of September 2026. See the full Caribou County home insurance overview for all FEMA hazard ratings and flood coverage details.
The statewide average premium for a standard HO-3 homeowners policy in Idaho is $1,135 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $164,200 |
|---|---|
| Median year built | 1939 or earlier |
| Owner-occupied share | 86% |
| Share of owner-occupied homes with a mortgage | 18% |
| Top county hazard | Wildfire (Relatively Low) |
| Active NFIP policies in Caribou County | 2 |
| Home insurance premium | $1,135 - 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)