Home Insurance in Grace City, North Dakota
Homes in Grace City carry a median value of $22,500 - 87% lower than the Foster 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 City was built around 1945. About 65% of homes were built before 1960, about 33 points above Foster County's 31%.
Housing in Grace City breaks down to 95% single-family homes.
In Grace City, about 21% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Grace City has an owner-occupancy rate of 97% and a vacancy rate of 22%; unoccupied homes typically need a different coverage form.
In Grace City, 55% of homes are primarily heated with propane. Homes heated with propane and fuel oil can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.
FEMA rates Foster County's overall risk as Very Low, led by winter weather (Relatively Moderate). Foster County had 2 active NFIP flood policies as of September 2026. See the full Foster 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 North Dakota carries a statewide average premium of $1,414 per year.
Key figures
| Median home value | $22,500 |
|---|---|
| Median year built | 1945 |
| Owner-occupied share | 97% |
| Share of owner-occupied homes with a mortgage | 21% |
| Top county hazard | Winter Weather (Relatively Moderate) |
| Active NFIP policies in Foster County | 2 |
| 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)