Home Insurance in Binford, North Dakota
With a median home value of $70,000, Binford is 41% lower than the Griggs 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 Binford was built around 1957. About 51% of homes were built before 1960, about 2 points below Griggs County's 53%.
In Binford, the housing stock is 72% single-family homes, 21% apartments in buildings with 5+ units and 8% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
10% of owner-occupied homes in Binford carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
About 71% of occupied homes in Binford are owner-occupied. The vacancy rate is 20%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
In Binford, 58% of homes 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.
Griggs County's top FEMA-rated hazard is hail (Relatively Low), per FEMA's National Risk Index. Griggs County had 1 active NFIP flood policy as of September 2026. See the full Griggs 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 | $70,000 |
|---|---|
| Median year built | 1957 |
| Owner-occupied share | 71% |
| Share of owner-occupied homes with a mortgage | 10% |
| Top county hazard | Hail (Relatively Low) |
| Active NFIP policies in Griggs County | 1 |
| 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)