Home Insurance in Grace, Idaho
The median home value in Grace is $189,500, 22% lower than the Caribou County median.
Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. The typical home in Grace was built around 1950. About 57% of homes were built before 1960, about 22 points above Caribou County's 35%.
In Grace, the housing stock is 97% single-family homes and 3% mobile or manufactured homes.
57% of owner-occupied homes in Grace carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
The vacancy rate is 12%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 86% of occupied homes in Grace are owner-occupied.
84% of homes in Grace are primarily heated with natural gas.
Caribou County's top FEMA-rated hazard is wildfire (Relatively Low), per FEMA's National Risk Index. 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 | $189,500 |
|---|---|
| Median year built | 1950 |
| Owner-occupied share | 86% |
| Share of owner-occupied homes with a mortgage | 57% |
| 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)