Home Insurance in Thompson, North Dakota
With a median home value of $281,900, Thompson is 12% higher than the Grand Forks 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 Thompson was built around 1978. About 20% of homes were built before 1960, about 1 point below Grand Forks County's 21%.
In Thompson, the housing stock is 93% single-family homes, 5% apartments in buildings with 5+ units and 2% mobile or manufactured homes.
66% of owner-occupied homes in Thompson carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
About 94% of occupied homes in Thompson are owner-occupied. The vacancy rate is 4%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
Most homes in Thompson - 63% - are primarily heated with natural gas.
Grand Forks County's top FEMA-rated hazard is winter weather (Very High), per FEMA's National Risk Index. 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.
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 | $281,900 |
|---|---|
| Median year built | 1978 |
| Owner-occupied share | 94% |
| Share of owner-occupied homes with a mortgage | 66% |
| 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)