Home Insurance in Northwood, North Dakota
The median home value in Northwood is $208,200, 18% lower than the Grand Forks County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Northwood was built around 1967. About 42% of homes were built before 1960, about 21 points above Grand Forks County's 21%.
The housing stock in Northwood is 70% single-family homes, 24% apartments in buildings with 5+ units and 1% mobile or manufactured homes.
About 60% of owner-occupied homes in Northwood have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Northwood has an owner-occupancy rate of 64% and a vacancy rate of 13%; unoccupied homes typically need a different coverage form.
Homes heated with propane and fuel oil can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies. 42% of homes in Northwood are primarily heated with electricity.
FEMA rates Grand Forks County's overall risk as Relatively Low, led by winter weather (Very High). 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.
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 | $208,200 |
|---|---|
| Median year built | 1967 |
| Owner-occupied share | 64% |
| Share of owner-occupied homes with a mortgage | 60% |
| 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)