Home Insurance in Fargo, North Dakota
Homes in Fargo carry a median value of $281,900 - 5% lower than the Cass County median.
The typical home in Fargo was built around 1991. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. About 18% of homes were built before 1960, about 2 points above Cass County's 16%.
Housing in Fargo breaks down to 44% single-family homes, 50% apartments in buildings with 5+ units and 1% mobile or manufactured homes.
64% of owner-occupied homes in Fargo carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Fargo has an owner-occupancy rate of 44% and a vacancy rate of 6%; unoccupied homes typically need a different coverage form.
53% of homes in Fargo are primarily heated with electricity.
FEMA rates Cass County's overall risk as Relatively Moderate, led by winter weather (Very High). Cass County had 2,326 active NFIP flood policies as of September 2026. See the full Cass 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 North Dakota is $1,414 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $281,900 |
|---|---|
| Median year built | 1991 |
| Owner-occupied share | 44% |
| Share of owner-occupied homes with a mortgage | 64% |
| Top county hazard | Winter Weather (Very High) |
| Active NFIP policies in Cass County | 2,326 |
| Home insurance premium | $1,414 - 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)