Home Insurance in New Salem, North Dakota
The median home value in New Salem is $187,000, 29% lower than the Morton County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in New Salem was built around 1963. About 47% of homes were built before 1960, about 27 points above Morton County's 21%.
The housing stock in New Salem is 86% single-family homes, 10% apartments in buildings with 5+ units and 3% mobile or manufactured homes.
In New Salem, about 60% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
About 71% of occupied homes in New Salem are owner-occupied. The vacancy rate is 25%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
Most homes in New Salem - 81% - are primarily heated with natural gas.
Morton County's top FEMA-rated hazard is hail (Relatively High), per FEMA's National Risk Index. Morton County had 155 active NFIP flood policies as of September 2026. See the full Morton 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 | $187,000 |
|---|---|
| Median year built | 1963 |
| Owner-occupied share | 71% |
| Share of owner-occupied homes with a mortgage | 60% |
| Top county hazard | Hail (Relatively High) |
| Active NFIP policies in Morton County | 155 |
| 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)