HomeInsuranceQts

Home Insurance in North Dakota

Homes in North Dakota carry a median value of $249,900.

The typical home in North Dakota was built around 1982. About 23% of homes were built before 1960. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild.

Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in North Dakota is 63% single-family homes, 25% apartments in buildings with 5+ units and 7% mobile or manufactured homes.

52% of owner-occupied homes in North Dakota carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.

About 63% of occupied homes in North Dakota are owner-occupied. The vacancy rate is 12%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.

Homes heated with propane can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies. In North Dakota, 41% of homes are primarily heated with natural gas.

In North Dakota, the statewide average premium for a standard HO-3 homeowners policy is $1,414 per year (NAIC, 2023 data).

Key figures

Median home value$249,900
Median year built1982
Owner-occupied share63%
Share of owner-occupied homes with a mortgage52%
Home insurance premium$1,414 - statewide average (NAIC, 2023 data)

Counties

Sources