Home Insurance in New Town, North Dakota
The median home value in New Town is $207,600, 11% lower than the Mountrail County median.
The typical home in New Town was built around 2004. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. About 14% of homes were built before 1960, about 5 points below Mountrail County's 19%.
In New Town, the housing stock is 52% single-family homes, 27% apartments in buildings with 5+ units and 14% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
In New Town, about 29% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
About 32% of occupied homes in New Town are owner-occupied. The vacancy rate is 20%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
Homes heated with propane can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies. In New Town, 57% of homes are primarily heated with electricity.
What's the biggest home insurance risk near New Town? FEMA's National Risk Index points to winter weather (Relatively High) in Mountrail County and Mountrail County has no active NFIP flood policies on file. See the full Mountrail 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 | $207,600 |
|---|---|
| Median year built | 2004 |
| Owner-occupied share | 32% |
| Share of owner-occupied homes with a mortgage | 29% |
| Top county hazard | Winter Weather (Relatively High) |
| 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)