Home Insurance in Niagara, North Dakota
With a median home value of $100,000, Niagara is 60% lower than the Grand Forks County median.
Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. The median home in Niagara was built in 1939 or earlier. About 90% of homes were built before 1960, about 69 points above Grand Forks County's 21%.
In Niagara, the housing stock is 95% single-family homes and 5% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
17% of owner-occupied homes in Niagara carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
All occupied homes in Niagara are owner-occupied. The vacancy rate is 43%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
42% of homes in Niagara are primarily heated with electricity. Homes heated with propane and fuel oil can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.
What's the biggest home insurance risk near Niagara? FEMA's National Risk Index points to winter weather (Very High) in Grand Forks County and Grand Forks County had 379 active NFIP flood policies as of September 2026. See the full Grand Forks 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 | $100,000 |
|---|---|
| Median year built | 1939 or earlier |
| Owner-occupied share | 100% |
| Share of owner-occupied homes with a mortgage | 17% |
| Top county hazard | Winter Weather (Very High) |
| Active NFIP policies in Grand Forks County | 379 |
| 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)